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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
278
2020.05.31 17:42

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

34
2019.09.27 15:07

Good indicator.

96
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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MACD Regular and Hidden Divergence Indicator
BJF Trading Group inc. (2202934 ON inc.)
Moving Average Convergence Divergence Indicator - trend-following dynamic indicator. MACD Divergence in other words moving average convergence 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 disa
210 USD
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34
2019.09.27 15:07

Good indicator.

714
2020.03.28 13:19

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

278
2020.05.31 17:42

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

200
2020.07.29 08:52

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

96
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.

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