We have to patiently wait for the best opportunity for pairs trading. Signals are hard to find for many pairs, thus we will have to monitor pairs among all nifty stocks. Manually it’s not possible to watch all possible pairs among nifty.
The “Pair Trade Analyser” application scans the hundreds of pairs from NSE and gives the right pairs to traders. The user has a choice to choose when it comes to generating signals using strategies devised from conclusions drawn from seeing the standard deviations and ratio standard deviations.