Alpha#47
Type:
alpha_47• Category:indicators
Description
Alpha#47 - complex ranking and VWAP difference.
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 | |
high | string | select the column with highest prices | no | |
vwap | string | select the column with VWAP | no |
Help
Alpha#47
Description
Alpha#47 is a complex ranking and VWAP difference indicator used in investing strategies, specifically one of the 101 Formulaic Alphas. This indicator combines ranking and volume-weighted average price (VWAP) calculations to provide insights into market trends.
What does this worker do?
The Alpha#47 worker calculates a complex ranking and VWAP difference indicator based on the provided price data, closing prices, volume, highest prices, and VWAP. This indicator can help investors identify potential trading opportunities by analyzing the relationship between price movements and trading volume.
How to interpret the results
The results of the Alpha#47 worker can be interpreted as a signal to buy or sell a security. A positive value indicates a bullish signal, while a negative value indicates a bearish signal. The magnitude of the value represents the strength of the signal.
Parameters
The following parameters are required to configure the Alpha#47 worker:
- dataExp: price data
- Description: The input price data.
- close: column name
- Description: The column name with closing prices.
- volume: column name
- Description: The column name with trading volume.
- high: column name
- Description: The column name with highest prices.
- vwap: column name
- Description: The column name with VWAP.
Usage
For a visual guide on how to use the Alpha#47 worker, please refer to the following GIFs:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze: