The best indicator for Targa Resources (TRGP)
We backtested 20 indicators across daily, weekly and hourly charts on real Targa Resources (TRGP) history. Here's what actually worked — risk-adjusted, out-of-sample, with costs.
Donchian Breakout
On the daily chart, this is the strongest risk-adjusted edge we found for Targa Resources (TRGP) over ~15.5 years — beating buy-and-hold by 2.5% 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 | Donchian Breakout ✓ | Daily | 24.1% | 0.99 | -44.5% | 51.9% | 54 | 2.5% |
| 2 | Rate of Change ✓ | Daily | 26.4% | 0.96 | -56.4% | 45.9% | 233 | 4.8% |
| 3 | Donchian Midline ✓ | Daily | 23.0% | 0.86 | -58.1% | 43.8% | 219 | 1.4% |
| 4 | EMA 20/50 Cross ✓ | Daily | 21.8% | 0.85 | -46.6% | 43.3% | 30 | 0.2% |
| 5 | ADX / DMI ✓ | Daily | 17.9% | 0.84 | -56.0% | 54.3% | 94 | -3.7% |
| 6 | RSI Trend (>50) ✓ | Daily | 21.5% | 0.83 | -53.3% | 41.6% | 202 | -0.1% |
| 7 | EMA-10 Trend ✓ | Daily | 21.6% | 0.83 | -50.0% | 44.6% | 350 | 0.0% |
| 8 | Rate of Change ✓ | Weekly | 19.9% | 0.83 | -52.3% | 51.9% | 52 | -1.3% |
| 9 | ADX / DMI ✓ | Weekly | 16.8% | 0.81 | -46.0% | 53.3% | 15 | -4.4% |
| 10 | Bollinger Breakout ✓ | Weekly | 19.1% | 0.99 | -22.7% | 83.3% | 12 | -2.0% |
| 11 | MACD ✓ | Weekly | 20.5% | 0.79 | -55.6% | 54.8% | 31 | -0.7% |
| 12 | EMA-10 Trend ✓ | Weekly | 19.9% | 0.79 | -51.1% | 53.0% | 66 | -1.2% |
| 13 | Donchian Midline ✓ | Weekly | 19.1% | 0.79 | -56.2% | 47.4% | 38 | -2.1% |
| 14 | Bollinger Breakout ✓ | Daily | 15.9% | 0.78 | -37.6% | 46.6% | 73 | -5.7% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
For Targa Resources (TRGP), Donchian Breakout on the daily timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — 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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