Alpha#44
Type:
alpha_44• Category:indicators
Description
Alpha#44 - negative correlation with ranked volume.
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#44
Description
Alpha#44 is an indicator from Alpha 101, a set of formulaic alphas developed for investing strategies. This indicator calculates a negative correlation with ranked volume.
What does this worker do?
This worker calculates the Alpha#44 indicator, which is based on the negative correlation between the ranked price and volume. The indicator is designed to provide insight into the relationship between price movements and trading volume.
How to interpret the results
The Alpha#44 indicator provides a value that represents the negative correlation between the ranked price and volume. A higher value indicates a stronger negative correlation, while a lower value indicates a weaker negative correlation.
Parameters
The following parameters are required to calculate the Alpha#44 indicator:
- 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 the highest prices
- volume: select the column with volume
- Type: String
- Description: Column name with the trading volume
Usage
To use this indicator, simply provide the required parameters and run the worker. The resulting indicator value will provide insight into the negative correlation between price movements and trading volume.
Visualizing the Indicator
The following GIFs demonstrate how to use the Alpha#44 indicator:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze:
- 101 Formulaic Alphas by Zura Kakushadze