Alpha#13
Type:
alpha_13• Category:indicators
Description
Alpha#13 - indicator based on covariance of ranked close and volume.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
close | string | select the column with closing prices | no | |
volume | string | select the column with volume | no |
Help
Alpha#13
Description
Alpha#13 is an indicator based on the covariance of ranked close and volume, used in investing strategies as part of the 101 Formulaic Alphas.
What does this worker do?
This worker calculates the Alpha#13 indicator, which is a measure of the covariance between the ranked closing prices and trading volumes of a security. The indicator can be used to identify potential trading opportunities.
How to interpret the results
The Alpha#13 indicator can be used to gauge the relationship between price movements and trading activity. A positive value indicates that the close price and volume are moving together, while a negative value indicates that they are moving in opposite directions.
Parameters
The following parameters are required to calculate the Alpha#13 indicator:
- dataExp: price data
- Type: DataFrame
- Description: Price data containing closing prices and trading volumes
- close: string
- Type: string
- Description: Column name with closing prices
- volume: string
- Type: string
- Description: Column name with trading volumes
Usage
To use this worker, simply provide the required parameters and run the calculation. The worker will return the Alpha#13 indicator value.
Visual Guide
For a step-by-step guide on how to use this worker, please refer to the following GIFs:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze: