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Alpha#5

Type: alpha_5 • Category: indicators

Description​

Alpha#5 - an indicator based on open, close, and VWAP.

Parameters​

NameTypeDescriptionRequiredDefault
openarrayList of open pricesno
closearrayList of close pricesno
vwaparrayList of VWAP valuesno

Help​

Alpha#5

Overview​

Alpha#5 is an indicator used in investing strategies, developed by Alpha 101. It is based on open, close, and VWAP (Volume Weighted Average Price) values.

Description​

Alpha#5 is an indicator that utilizes open, close, and VWAP prices to generate insights for investing strategies. This worker processes these price metrics to provide valuable information for making informed investment decisions.

What does this worker do?​

The Alpha#5 worker calculates and provides an indicator value based on the provided open, close, and VWAP prices. This indicator can be used to analyze market trends, identify potential trading opportunities, and optimize investment strategies.

How to interpret the results?​

The results from the Alpha#5 worker can be interpreted as a signal to gauge market sentiment and potential price movements. A positive indicator value may suggest a bullish trend, while a negative value may indicate a bearish trend. However, the exact interpretation of the results depends on the specific investing strategy and market conditions.

Parameters​

The Alpha#5 worker requires the following parameters:

Parameters Schema (JSON)​

{
  "open": {
    "type": "array",
    "description": "List of open prices"
  },
  "close": {
    "type": "array",
    "description": "List of close prices"
  },
  "vwap": {
    "type": "array",
    "description": "List of VWAP values"
  }
}

Detailed Parameters​

  • open:
    • Type: array
    • Description: List of open prices
    • Example: [10.0, 11.0, 12.0]
  • close:
    • Type: array
    • Description: List of close prices
    • Example: [10.5, 11.5, 12.5]
  • vwap:
    • Type: array
    • Description: List of VWAP values
    • Example: [10.2, 11.2, 12.2]

To use the Alpha#5 worker, provide the required parameters in the specified JSON format. Ensure that the lists of open, close, and VWAP prices are of the same length and correspond to the same time intervals.