Alpha#37
Type:
alpha_37• Category:indicators
Description
Alpha#37 - correlation and difference 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#37
Description
Alpha#37 is a correlation and difference indicator used in investing strategies, specifically one of the 101 Formulaic Alphas. This indicator calculates the correlation and difference between two sets of price data.
What does this worker do?
This worker calculates the Alpha#37 indicator value based on the provided price data. It takes into account the opening and closing prices to compute the correlation and difference.
How to interpret the results
The Alpha#37 indicator value can be used to identify potential trading opportunities. A higher value may indicate a stronger correlation and smaller difference between the two sets of price data, while a lower value may indicate a weaker correlation and larger difference.
Parameters
The following parameters are required to compute the Alpha#37 indicator:
- dataExp: price data
- Description: The price data used to compute the Alpha#37 indicator.
- open: column name
- Description: The column name with opening prices.
- close: column name
- Description: The column name with closing prices.
Usage
For a visual guide on how to use this indicator, please refer to the following GIFs:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze: