The best indicator for Eaton Corporation (ETN)
We backtested 20 indicators across daily, weekly and hourly charts on real Eaton Corporation (ETN) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Rate of Change
On the daily chart, this is the strongest risk-adjusted edge we found for Eaton Corporation (ETN) over ~54.0 years — trailing buy-and-hold by 3.5% CAGR.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Rate of Change ✓ | Daily | 10.4% | 0.61 | -47.1% | 45.4% | 811 | -3.5% |
| 2 | Rate of Change ✓ | Weekly | 9.9% | 0.58 | -51.8% | 54.9% | 153 | -4.0% |
| 3 | RSI Trend (>50) ✓ | Daily | 8.9% | 0.54 | -48.4% | 39.4% | 713 | -5.0% |
| 4 | MACD ✓ | Daily | 8.7% | 0.53 | -36.6% | 45.3% | 516 | -5.3% |
| 5 | Heikin-Ashi Trend ✓ | Weekly | 8.7% | 0.53 | -53.9% | 52.3% | 474 | -5.2% |
| 6 | Donchian Midline ✓ | Weekly | 8.9% | 0.53 | -45.7% | 47.3% | 148 | -5.0% |
| 7 | Donchian Midline ✓ | Daily | 8.3% | 0.51 | -52.8% | 42.9% | 693 | -5.6% |
| 8 | MACD ✓ | Weekly | 8.0% | 0.51 | -48.9% | 49.5% | 111 | -5.9% |
| 9 | Donchian Breakout ✓ | Daily | 7.1% | 0.49 | -28.6% | 47.0% | 230 | -6.8% |
| 10 | RSI Trend (>50) ✓ | Weekly | 8.1% | 0.49 | -43.8% | 41.2% | 148 | -5.8% |
| 11 | EMA 20/50 Cross ✓ | Daily | 7.8% | 0.48 | -49.3% | 48.7% | 117 | -6.1% |
| 12 | Holy Grail Confluence ✓ | Weekly | 6.3% | 0.48 | -39.3% | 100.0% | 18 | -7.6% |
| 13 | Money Flow Index ✓ | Daily | 6.9% | 0.46 | -59.4% | 73.3% | 60 | -7.0% |
| 14 | CCI ✓ | Weekly | 6.2% | 0.45 | -57.4% | 82.0% | 50 | -7.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Eaton Corporation (ETN), Rate of Change on the daily timeframe gave the best balance of return and risk in our test. It still trailed buy-and-hold on raw return — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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