Alpha#40
Type:
alpha_40• Category:indicators
Description
Alpha#40 - volatility correlation indicator.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
high | string | select the column with highest prices | no | |
volume | string | select the column with volume | no |
Help
Alpha#40: Volatility Correlation Indicator
Description
Alpha#40 is a volatility correlation indicator used in investing strategies, specifically one of the 101 Formulaic Alphas. This indicator measures the correlation between volatility and price movements.
What does this worker do?
This worker calculates the volatility correlation indicator, which helps investors understand the relationship between price volatility and market trends.
How to interpret the results
The results of this indicator can be used to identify potential trading opportunities. A high correlation between volatility and price movements may indicate a strong trend, while a low correlation may indicate a range-bound market.
Parameters
The following parameters are required to use this worker:
- dataExp: price data
- Type: DataFrame
- Description: Price data used to calculate the indicator
- high: select the column with highest prices
- Type: String
- Description: Column name with highest prices
- volume: select the column with volume
- Type: String
- Description: Column name with volume data
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: