Alpha#3

Type: alpha_3 • Category: indicators

Description

Alpha#3 - indicator based on opening price and volume.

Parameters

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

Help

Alpha#3

Description

Alpha#3 is an indicator used in investing strategy, specifically from the 101 Formulaic Alphas by Alpha 101. This indicator is based on the opening price and volume.

What does this worker do?

The Alpha#3 worker calculates an indicator value based on the provided price data, volume, and opening prices. This indicator can be used as part of a larger investing strategy to help make informed decisions.

How to interpret the results

The results of the Alpha#3 worker can be interpreted as a signal to buy or sell a stock. A detailed explanation of how to use this indicator is provided in the 101 Formulaic Alphas publication by Zura Kakushadze.

Parameters

The following parameters are required to use the Alpha#3 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 with volume data
• open: select the column with opening prices
  • Type: String
  • Description: Column name with opening price data

Usage

To use the Alpha#3 worker, follow these steps:

1. Provide the required parameters: dataExp, volume, and open.
2. The worker will calculate the indicator value based on the provided data.

Visual Guide

For a visual guide on how to use the Alpha#3 worker, see the following GIFs:

Publication

For more information on the 101 Formulaic Alphas, including the Alpha#3 indicator, see the publication by Zura Kakushadze:

• 101 Formulaic Alphas