The best indicator for S&P Global (SPGI)
We backtested 20 indicators across daily, weekly and hourly charts on real S&P Global (SPGI) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
CCI
On the weekly chart, this is the strongest risk-adjusted edge we found for S&P Global (SPGI) over ~53.5 years — trailing buy-and-hold by 4.8% 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 | CCI ✓ | Weekly | 9.5% | 0.63 | -40.8% | 83.6% | 61 | -4.8% |
| 2 | WaveTrend (8/6/4) ✓ | Weekly | 9.8% | 0.6 | -47.7% | 92.0% | 50 | -4.5% |
| 3 | Donchian Breakout ✓ | Daily | 9.3% | 0.58 | -40.2% | 55.8% | 197 | -5.0% |
| 4 | EMA 20/50 Cross ✓ | Weekly | 11.0% | 0.57 | -54.7% | 50.0% | 16 | -3.3% |
| 5 | EMA 50/200 Cross ✓ | Daily | 10.3% | 0.54 | -43.1% | 48.5% | 33 | -4.1% |
| 6 | EMA 20/50 Cross ✓ | Daily | 9.4% | 0.54 | -37.2% | 46.4% | 110 | -5.0% |
| 7 | Stochastic ✓ | Weekly | 7.7% | 0.51 | -33.5% | 84.9% | 53 | -6.6% |
| 8 | EMA-10 Trend ✓ | Weekly | 8.5% | 0.51 | -41.3% | 49.6% | 226 | -5.8% |
| 9 | Donchian Midline ✓ | Weekly | 8.6% | 0.51 | -35.8% | 48.9% | 133 | -5.7% |
| 10 | RSI Trend (>50) ✓ | Weekly | 8.2% | 0.48 | -39.6% | 56.7% | 141 | -6.1% |
| 11 | Williams %R ✓ | Weekly | 7.1% | 0.47 | -33.6% | 85.9% | 71 | -7.2% |
| 12 | RSI Trend (>50) ✓ | Daily | 7.6% | 0.46 | -50.5% | 37.6% | 707 | -6.8% |
| 13 | Rate of Change ✓ | Weekly | 7.5% | 0.45 | -53.1% | 57.2% | 159 | -6.9% |
| 14 | Money Flow Index ✓ | Daily | 7.1% | 0.44 | -70.2% | 81.5% | 65 | -7.3% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For S&P Global (SPGI), CCI on the weekly 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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