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Cointegration Pair Trading Indicator

Cointegration Pair Trading Indicator

Indicator for statistical and quantitative pair trading strategies. You can perform Long&Short or Long&Long/Short&Short between two different assets.
The indicator performs a series of statistical tests between the assets and shows whether the pair is cointegrated or not.


Suggested Usage Strategies

(a) Verify if that the pair is cointegrated by the ADF test (Augmented Dickey-Fuller Test). 0% means the pair is not cointegrated; 90% 95% 97.5% and 99% means it is cointegrated (the greater the better).
(b) Check if beta is positive or negative and the pair correlation.
If beta is positive check if the correlation is positive (Fisher test always greater than zero, Min > 0%).
If beta is negative check if the correlation is negative (Fisher test always lesser than zero, Max < 0%).

For positive beta and Fisher always greater than zero, Long&Short situation:
When the residual line (blue) reaches the upper band sell the main asset and buy the secondary asset (expecting a reversal to normality).

When the residual line (blue) reaches the bottom band buy the main asset and sell the secondary asset (expecting a reversal to normality).

For negative beta and Fisher always lesser than zero, Long&Long or Short&Short situation:
When the residual line (blue) reaches the upper band sell the main asset and sell the secondary asset (expecting a reversal to normality).

When the residual line (blue) reaches the bottom band buy the main asset and buy the secondary asset (expecting a reversal to normality).

Lot Size Proportion
The lot size proportion is given by beta. To know secondary asset lot size just multiply primary asset lot by beta.
Ex: For beta 0.5 and primary lot = 10 secondary lot size would be 5. 


Parameter list

Second symbol: Second Asset
Timeframe: What timeframe to use in calculations
Candles to calculate: How many candles to run the tests (ADF, Fisher)
Regression: Linear regression type, simple or multiple (with trend)***
Beta candles: How many candles calculate beta variation/beta rotation (yellow line)
Deviation first line: Standard deviations to plot first line
Deviation second line: Standard deviations to plot second line
Save CPU: Recalculate only when closing a candle (and not on any price change)
Play Alarm: Play alarm when residual is beyond first deviation line

Important! AxB cointegration is different than BxA

Its correlation (ratio and Fisher) is the same but not the cointegration (ADF test and the linear regression to calculate normality and residual standard deviations).
So, AxB may not be cointegrated and not recommended for trading but BxA may be cointegrated and triggering a trade.


*** Warning: to calculate a multiple linear regression is a CPU hungry process. This is impossible to change and the code is already optimized to its maximum. If “Beta Candles” is set to 50, 100 multiple linear regressions will be calculated to compared each linear regression individual beta. When calculating, a CPU usage spike is to be expected, especially if using the indicator on multiple pairs. If indicator became too slow, try to reduce beta candles.
































































































Reviews 5
cassio bittencourt
272
cassio bittencourt 2020.05.31 17:42 
 

Otimo indicador,porem o desenvolvedor poderia ter um melhor contato!

katatummo
34
katatummo 2019.09.27 15:07 
 

Good indicator.

metatrading
96
metatrading 2021.01.10 15:33 
 

Indicator is good and calculates correctly, but EA is missing. Without trade statistics on backtesting you will experience massive drawdowns at least from time to time.

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This scalper indicator shows the moments, when you can safely earn 10 point profit with risk only 2 points. It allows greatly increase the deposit during the day, if properly money management used. The indicator has only one input parameter - number of bars, used for the calculation of trend. When the signal appeared, place pending order at the price, 2 points higher than the current price (for buy) or 2 points lower current price for sell. Stop Loss - 2-3 points; Take Profit - from 10 ponts; R
200 USD
Stochastic Divergence Indicator
BJF Trading Group inc. (2202934 ON inc.)
Stochastic Divergence Indicator is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear. Stochastic Divergence Metatrader Indicator shows fractal divergence by Stochastic indicator. When divergence arises between S
210 USD
VIP Consolidation Price
Vyacheslav Scherbak
The VIP Consolidation Price indicator displays the price consolidation areas (a large gathering of sellers and buyers). If these areas are broken through, with a high probability the price will continue to move in the selected direction. The wider the price consolidation area, the higher the probability that the price will not return to the opposite boundary of the price consolidation channel after a breakthrough of the boundaries. The narrower the area, the higher the probability that price wil
200 USD
Harmonic Patterns like Gartley Butterfly Bat Crab
Xiangdong Guo
This is not just an indicator; this is a quantitative presentation of a great idea. This indicator detects the following major price patterns: 5-0 AB=CD Bat Alternate Bat Gartley Crab Shark Ideal Butterfly Three Drives All the pattern definitions can be found at HarmonicTrader.com . Unlike other similar indicators, this indicator is not based on ZIGZAG indicator. As you know, the high/low result of ZIGZAG indicator is uncertain; the last value floats in a wide range. This indicator calculates in
199 USD
Filter:
katatummo
34
katatummo 2019.09.27 15:07 
 

Good indicator.

Gerson Castro
714
Gerson Castro 2020.03.28 13:19 
 

O indicador funciona, porém o suporte do seu criador é ruim, não responde as mensagens.

cassio bittencourt
272
cassio bittencourt 2020.05.31 17:42 
 

Otimo indicador,porem o desenvolvedor poderia ter um melhor contato!

Zdeno Brontvay
200
Zdeno Brontvay 2020.07.29 08:52 
 

there is no information on how to use the indicator, the author does not communicate.

metatrading
96
metatrading 2021.01.10 15:33 
 

Indicator is good and calculates correctly, but EA is missing. Without trade statistics on backtesting you will experience massive drawdowns at least from time to time.

Reply to review
Version 1.43 2019.04.02
-Bug fixes
Version 1.42 2019.04.01
Bug fixes
Version 1.41 2019.04.01
+ Function to search for best period
Version 1.32 2019.04.01
Bug Fixes
Version 1.31 2019.04.01
Bug Fixes
Version 1.3 2019.04.01
Color Fixes
Version 1.2 2019.04.01
- Trade Sugestion
- Bug Fixes