Alpha#24

Type: alpha_24 • Category: indicators

Description

Alpha#24 - long-term trend indicator.

Parameters

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

Help

Alpha#24

Description

Alpha#24 is a long-term trend indicator used in investing strategies, specifically one of the 101 Formulaic Alphas. This indicator helps identify long-term trends in price data.

What does this worker do?

The Alpha#24 worker calculates a long-term trend indicator based on the provided price data. It uses the closing prices to determine the trend.

How to interpret the results

The results of the Alpha#24 worker can be used to identify long-term trends in the market. A positive value indicates an upward trend, while a negative value indicates a downward trend.

Parameters

The following parameters are required to use the Alpha#24 worker:

• dataExp:
  • Type: price data
  • Description: The input price data.
• close:
  • Type: string
  • Description: The column name with closing prices.

Usage

To use the Alpha#24 worker, follow these steps:

1. Provide the required parameters: dataExp and close.
2. The worker will calculate the long-term trend indicator based on the provided price data.

Visual Guide

For a visual guide on how to use the Alpha#24 worker, see the following GIFs:

Reference

For more information on the 101 Formulaic Alphas, including Alpha#24, see the publication by Zura Kakushadze:

101 Formulaic Alphas