Based on the example explained in the Tradingview Wiki for Spread Charts (www.tradingview.com).
Pairs trading involves trading two separate instruments simultaneously in order to execute a single trade.
Pairs trading is a popular way to alleviate some of the risk of trading. The idea is that you find two highly correlated symbols (or two very lowly correlated...
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Stock is oversold and ready to reverse. Statoil got good volume and market cap. Target is floating stop/loss = 0.5
Ride this baby to the moon, or jump off if it's out off fuel and reaches the stop-loss.
