Alpha#31
Type:
alpha_31• Category:indicators
Description
Alpha#31 - complex ranking and correlation indicator.
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 | |
low | string | select the column with lowest prices | no |
Help
Alpha#31
Description
Alpha#31 is a complex ranking and correlation indicator used in investing strategies, specifically in the 101 Formulaic Alphas. This indicator utilizes price data, closing prices, volume, and lowest prices to generate a ranking.
What does this worker do?
The Alpha#31 worker calculates a complex ranking and correlation indicator based on the provided parameters. It uses a combination of price data, closing prices, volume, and lowest prices to generate a ranking.
How to interpret the results
The results of the Alpha#31 worker can be interpreted as a ranking of the input data based on the complex correlation indicator. A higher ranking may indicate a stronger correlation, while a lower ranking may indicate a weaker correlation.
Parameters
The following parameters are required to use the Alpha#31 worker:
- dataExp: price data
- Description: The price data to use for the calculation.
- close: column with closing prices
- Description: The column with closing prices.
- volume: column with volume
- Description: The column with volume data.
- low: column with lowest prices
- Description: The column with lowest prices.
Usage
For a visual guide on how to use the Alpha#31 worker, please refer to the following GIFs:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze: