Alpha#15
Type:
alpha_15• Category:indicators
Description
Alpha#15 - indicator based on summed correlation ranks of high and volume.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
high | string | select the column with highest prices | no | |
volume | string | select the column with volume | no |
Help
Alpha#15
Description
Alpha#15 is an indicator used in investing strategy, specifically one of the 101 Formulaic Alphas. This indicator is based on the summed correlation ranks of high and volume.
What does this worker do?
This worker calculates the Alpha#15 indicator using the provided price data, high prices, and volume. The indicator is designed to capture the relationship between the high prices and volume of a security.
How to interpret the results
The results of the Alpha#15 indicator can be used to inform investment decisions. A higher value indicates a stronger correlation between the high prices and volume, while a lower value indicates a weaker correlation.
Parameters
The following parameters are required to calculate the Alpha#15 indicator:
- dataExp: price data
- Description: The price data used to calculate the indicator.
- high: select the column with highest prices
- Description: The column containing the highest prices.
- volume: select the column with volume
- Description: The column containing the volume data.
Usage
For a visual guide on how to use this indicator, please refer to the following GIFs:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze: