Description
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PAIR TRADE : XME (METAL & MINING) VS EWG ( GERMANY)
CORRELATION : 87 % , based on the past 100 days
Co -integration: 0.90
LONG XME GREEN) @ 42.13
SHORT EWG (RED) @ 23.26
Avg trade length : 20 days
75 % winning rate for this pair over the past 3 years
P.S : Thanks for the new feature Tradingview, very cool. Keep up the awesome work :) .
Algo
Selling XME @ 46.40
covering EWG @ 24.99