Alpha#101
Type:
alpha_101• Category:indicators
Description
Alpha#101 - body ratio.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
close | string | select the column with closing prices | no | |
open | string | select the column with opening prices | no | |
high | string | select the column with highest prices | no | |
low | string | select the column with lowest prices | no |
Help
Alpha#101
Description
Alpha#101 is an indicator used in investing strategy, specifically one of the 101 Formulaic Alphas. This indicator calculates the body ratio of a candlestick chart.
What does this worker do?
The Alpha#101 worker calculates the body ratio of a candlestick chart using the provided price data. The body ratio is calculated as the ratio of the body of the candlestick to its total range.
How to interpret the results
The body ratio can be used to analyze the price action of a security. A higher body ratio indicates a larger body compared to the total range, which can be a sign of strong buying or selling pressure.
Parameters
The following parameters are required to use the Alpha#101 worker:
- dataExp: price data
- Type: DataFrame
- Description: The input price data.
- close: select the column with closing prices
- Type: String
- Description: The column name of the closing prices in the
dataExpDataFrame.
- open: select the column with opening prices
- Type: String
- Description: The column name of the opening prices in the
dataExpDataFrame.
- high: select the column with highest prices
- Type: String
- Description: The column name of the highest prices in the
dataExpDataFrame.
- low: select the column with lowest prices
- Type: String
- Description: The column name of the lowest prices in the
dataExpDataFrame.
Usage
To use the Alpha#101 worker, simply provide the required parameters and run the worker. The worker will calculate the body ratio and return the result.
Visualizing the Indicator
The following images demonstrate how to use the Alpha#101 worker:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze:
- 101 Formulaic Alphas by Zura Kakushadze