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alpha_7

Alpha#7​

Type: alpha_7 • Category: indicators

Description​

Alpha#7 - an indicator based on changes in the closing price and volume.

Parameters​

NameTypeDescriptionRequiredDefault
closearrayList of closing pricesno
volumearrayList of volumeno

Help​

Alpha#7 Indicator

Description​

Alpha#7 is an indicator developed by Alpha 101, used in investing strategies to analyze market trends. It is based on changes in the closing price and volume of a security.

Overview​

The Alpha#7 worker calculates an indicator value based on the provided closing prices and volumes. This indicator can be used to identify trends, confirm trading signals, and gauge market sentiment.

What does this worker do?​

The Alpha#7 worker takes in a list of closing prices and volumes, and returns an indicator value that reflects the relationship between these two inputs. This allows users to gain insights into market dynamics and make more informed investment decisions.

Interpreting Results​

The output of the Alpha#7 worker is a value that indicates the strength of the relationship between closing prices and volumes. A higher value may indicate a stronger trend, while a lower value may indicate a weaker trend. The exact interpretation of the results depends on the specific investment strategy and market conditions.

Parameters​

The following parameters are required to run the Alpha#7 worker:

Parameters Schema (JSON)​

{
  "close": {
    "type": "array",
    "description": "List of closing prices"
  },
  "volume": {
    "type": "array",
    "description": "List of volume"
  }
}

Parameters List​

  • close: array - List of closing prices. This is a required parameter.
  • volume: array - List of volumes. This is a required parameter.

Usage​

To use the Alpha#7 worker, simply provide the required parameters in the specified format, and the worker will return the calculated indicator value.