Learn the pairs trading indicator
A dedicated pairs trading indicator helps you track the price relationship between two symbols, not just each chart alone. Instead of chasing single-asset momentum, it measures the spread behavior—so your decisions are based on relative value, mean-reversion signals, and risk control.
What to look for in TradingView indicators
On TradingView, the best TradingView indicators for pairs trading make the spread and signals obvious: a clear z-score panel, correlation/cointegration quality checks, configurable entry/exit bands, and optional alerts. You should be able to test different lookbacks, define risk thresholds, and export results.
Using trading indicators in a practical workflow
Combine your trading indicators into a repeatable process: validate the pair’s relationship, wait for a stretched spread, confirm market context, size positions with volatility, and manage exits as the spread normalizes. Keep logs of setups and outcomes to refine rules and improve consistency.
TradingView Indicator - Momentum & Strength
This script combines multiple indicators to provide a comprehensive analysis of both trend strength and trend momentum. It is tailored specifically for pairs trading strategies but can also be used for other trading strategies.
Cost - free to use
TradingView Link
TradingView Indicator - Symbols Correlation
This script is designed for pairs trading. If you are not familiar with pairs trading, I suggest learning about it, as it can be a profitable strategy in neutral markets (or neutral trends between two assets). The correlation between two assets is the foundation of pairs trading, and without it, the chances of making a profit are low.
Cost - free to use
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Soon, we’ll add a sign-up link for a premium set of TradingView indicators tailored for pairs—complete with backtest-ready templates and alert presets. Until then, explore the concepts above to build a disciplined, data-driven approach to pairs trading.
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