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Alpha#54

Type: alpha_54 • Category: indicators

Description​

Alpha#54 - power ratio indicator.

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprice datano
lowstringselect the column with lowest pricesno
closestringselect the column with closing pricesno
openstringselect the column with opening pricesno
highstringselect the column with highest pricesno

Help​

Alpha#54

Description​

Alpha#54 is a power ratio indicator used in investing strategies, specifically one of the 101 Formulaic Alphas. This indicator calculates the power ratio of a stock based on its price movements.

What does this worker do?​

The Alpha#54 worker calculates the power ratio indicator for a given set of stock prices. The power ratio is a measure of a stock's price movement over a certain period, taking into account the opening, closing, high, and low prices.

How to interpret the results​

The power ratio indicator can be used to identify trends and patterns in a stock's price movement. A higher power ratio indicates a stronger trend, while a lower power ratio indicates a weaker trend.

Parameters​

The Alpha#54 worker takes the following parameters:

  • dataExp: price data
    • Description: The input price data.
  • low: column with lowest prices
    • Description: The column containing the lowest prices.
  • close: column with closing prices
    • Description: The column containing the closing prices.
  • open: column with opening prices
    • Description: The column containing the opening prices.
  • high: column with highest prices
    • Description: The column containing the highest prices.

Usage​

For a visual guide on how to use the Alpha#54 worker, please refer to the following GIFs:

Full GIF Short GIF

Reference​

For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze:

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