Alpha#14
Type:
alpha_14• Category:indicators
Description
Alpha#14 - indicator based on returns delta and price-volume correlation.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
returns | string | List of returns | no | |
open | string | select the column with opening prices | no | |
volume | string | select the column with volume | no |
Help
Alpha#14
Description
Alpha#14 is an indicator used in investing strategy, specifically from the 101 Formulaic Alphas. This indicator is based on returns delta and price-volume correlation.
What does this worker do?
This worker calculates the Alpha#14 indicator, which is a measure of a stock's potential performance based on its returns delta and price-volume correlation. The indicator is designed to help investors identify potential trading opportunities.
How to interpret the results
The results of the Alpha#14 indicator can be interpreted as follows:
- A positive value indicates a potential buying opportunity, while a negative value indicates a potential selling opportunity.
- The magnitude of the value indicates the strength of the signal.
Parameters
The following parameters are required to calculate the Alpha#14 indicator:
Parameters List
| Parameter | Type | Description |
|---|---|---|
dataExp | DataFrame | Price data |
returns | List | List of returns |
open | String | Column name with opening prices |
volume | String | Column name with volume |
Usage
To use this worker, simply provide the required parameters and run the calculation. The following GIFs demonstrate how to use the worker:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze:
[101 Formulaic Alphas](https://arxiv.org/pdf/1601.00991.pdf)