Alpha#17
Type:
alpha_17• Category:indicators
Description
Alpha#17 - complex indicator combining close and volume rankings.
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#17
Description
Alpha#17 is a complex indicator combining close and volume rankings, used in investing strategies as part of the 101 Formulaic Alphas.
What does this worker do?
This worker calculates the Alpha#17 indicator value based on the provided price data, close prices, and volume.
How to interpret the results
The Alpha#17 indicator value can be used to inform investment decisions. A higher value may indicate a stronger signal.
Parameters
| Parameter | Type | Description |
|---|---|---|
| dataExp | object | Price data |
| close | string | Column with closing prices |
| volume | string | Column with volume |
Usage
To use this worker, follow these steps:
- Provide the required parameters:
dataExp,close, andvolume. - The worker will calculate the Alpha#17 indicator value.
Visual Guide
For a visual guide on how to use this worker, see the following GIFs:
Reference
For more information on the 101 Formulaic Alphas, see the publication by Zura Kakushadze:
[101 Formulaic Alphas](https://arxiv.org/pdf/1601.00991.pdf)