Alpha#45

Type: alpha_45 • Category: indicators

Description

Alpha#45 - complex correlation and ranking.

Parameters

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

Help

Alpha#45

Description

Alpha#45 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator calculates a complex correlation and ranking.

What does this worker do?

The Alpha#45 worker calculates a complex correlation and ranking based on the provided price data, closing prices, and volume. It is designed to help investors identify potential trading opportunities.

How to interpret the results

The results of the Alpha#45 worker can be interpreted as a ranking of the correlation between the price data and the volume. A higher ranking indicates a stronger correlation.

Parameters

The following parameters are required to use the Alpha#45 worker:

• dataExp:
  • Type: price data
  • Description: The price data to be used for the calculation.
• close:
  • Type: string
  • Description: The column with closing prices.
• volume:
  • Type: string
  • Description: The column with volume data.

Usage

To use the Alpha#45 worker, follow these steps:

1. Provide the required parameters: dataExp, close, and volume.
2. The worker will calculate the complex correlation and ranking.

Visual Guide

The following images demonstrate how to use the Alpha#45 worker:

Publication

For more information on the Alpha 101 formulaic alphas, including the Alpha#45 indicator, please refer to the publication:

[101 Formulaic Alphas](https://arxiv.org/pdf/1601.00991) by Zura Kakushadze.