Alpha#33

Type: alpha_33 • Category: indicators

Description

Alpha#33 - open-close ratio indicator.

Parameters

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

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:

Reference

For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze:

101 Formulaic Alphas