Alpha#2

Type: alpha_2 • Category: indicators

Description

Alpha#2 - indicator based on volume and opening/closing prices.

Parameters

Name	Type	Description	Required	Default
dataExp	string	price data	no
volume	string	select the column with volume	no
close	string	select the column with closing prices	no
open	string	select the column with opening prices	no

Help

Alpha#2

Description

Alpha#2 is an indicator used in investing strategy, specifically one of the 101 Formulaic Alphas. This indicator is based on volume and opening/closing prices.

What does this worker do?

The Alpha#2 worker calculates an indicator value based on the provided price data, volume, closing prices, and opening prices. This indicator can be used to inform investment decisions.

How to interpret the results

The results of the Alpha#2 worker can be interpreted as a signal to buy or sell a stock. A positive value indicates a bullish signal, while a negative value indicates a bearish signal.

Parameters

The following parameters are required to configure the Alpha#2 worker:

• dataExp: price data
  • Type: DataFrame
  • Description: Price data used to calculate the indicator
• volume: select the column with volume
  • Type: String
  • Description: Column name containing volume data
• close: select the column with closing prices
  • Type: String
  • Description: Column name containing closing price data
• open: select the column with opening prices
  • Type: String
  • Description: Column name containing opening price data

Usage

To use the Alpha#2 worker, simply provide the required parameters and run the worker. The worker will calculate the indicator value and return the result.

Visual Guide

For a step-by-step guide on how to use the Alpha#2 worker, please refer to the following GIFs:

Publication

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)