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Alpha#33

Type: alpha_33 • Category: indicators

Description​

Alpha#33 - open-close ratio indicator.

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprice datano
openstringselect the column with opening pricesno
closestringselect the column with closing pricesno

Help​

Alpha#33: Open-Close Ratio Indicator

Description​

Alpha#33 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator calculates the open-close ratio, providing insights into market trends.

What does this worker do?​

The Alpha#33 worker calculates the open-close ratio indicator, which is a measure of the relationship between the opening and closing prices of a security. This indicator can help identify trends and patterns in market data.

How to interpret the results​

The open-close ratio indicator can be used to identify various market trends and patterns. A high ratio may indicate a bullish trend, while a low ratio may indicate a bearish trend. The interpretation of the results depends on the specific market and trading strategy.

Parameters​

The following parameters are required to configure the Alpha#33 worker:

  • dataExp: price data
    • Type: DataFrame
    • Description: Price data containing the opening and closing prices.
  • open: select the column with opening prices
    • Type: String
    • Description: The column name in the dataExp DataFrame containing the opening prices.
  • close: select the column with closing prices
    • Type: String
    • Description: The column name in the dataExp DataFrame containing the closing prices.

Usage​

To use the Alpha#33 worker, follow these steps:

  1. Provide the price data in the dataExp parameter.
  2. Specify the column names for the opening and closing prices using the open and close parameters.

Visualizing the Indicator​

The following GIFs demonstrate how to use the Alpha#33 worker:

Full GIF Short GIF

Reference​

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)