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alpha_2

Alpha#2​

Type: alpha_2 • Category: indicators

Description​

Alpha#2 - an indicator based on volume and open/close prices.

Parameters​

NameTypeDescriptionRequiredDefault
volumearrayVolume listno
closearrayClose price listno
openarrayOpen price listno

Help​

Alpha#2

Overview​

Alpha#2 is an indicator used in investing strategies, developed by Alpha 101. It analyzes market trends based on volume and open/close prices to provide insights for informed investment decisions.

Description​

Alpha#2 - an indicator based on volume and open/close prices. This worker processes historical market data to generate signals that can be used to identify potential trading opportunities.

What does this worker do?​

The Alpha#2 worker calculates and returns a value based on the provided volume and open/close price lists. By analyzing these market data points, it aims to help investors gauge market sentiment and make data-driven decisions.

How to interpret the results​

The output of the Alpha#2 worker is an indicator value that reflects the calculated signal based on the input parameters. A positive value may indicate a bullish signal, while a negative value may suggest a bearish signal. The exact interpretation of the results depends on the specific strategy and market conditions.

Parameters​

The Alpha#2 worker accepts the following parameters:

volume​

  • Type: array
  • Description: Volume list - a series of volume data points.

close​

  • Type: array
  • Description: Close price list - a series of closing prices.

open​

  • Type: array
  • Description: Open price list - a series of opening prices.

Usage​

To use the Alpha#2 worker, provide a JSON object with the required parameters:

{
  "volume": [/* volume data points */],
  "close": [/* close price data points */],
  "open": [/* open price data points */]
}

Replace the placeholder arrays with your actual market data to compute the Alpha#2 indicator value.