Alpha#67
Type:
alpha_67• Category:indicators
Description
Alpha#67 - power of ranks.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
high | string | select the column with highest prices | no | |
vwap | string | select the column with VWAP | no | |
volume | string | select the column with volume | no |
Help
Alpha#67: Power of Ranks
Description
Alpha#67 is an indicator from Alpha 101, a set of formulaic alphas developed for investing strategies. This indicator calculates the power of ranks, which can be used to identify potential trading opportunities.
What does this worker do?
The Alpha#67 worker calculates the power of ranks based on the provided price data, high prices, VWAP (Volume-Weighted Average Price), and volume. The worker uses these inputs to generate a signal that can be used in an investing strategy.
How to interpret the results
The output of the Alpha#67 worker is a signal that represents the power of ranks. A higher signal value indicates a stronger power of ranks, while a lower signal value indicates a weaker power of ranks. The interpretation of the results depends on the specific investing strategy being used.
Parameters
The following parameters are required to use the Alpha#67 worker:
- dataExp: price data
- Type: pandas.DataFrame
- Description: Price data used to calculate the power of ranks
- high: select the column with highest prices
- Type: str
- Description: Column name with highest prices
- vwap: select the column with VWAP
- Type: str
- Description: Column name with VWAP
- volume: select the column with volume
- Type: str
- Description: Column name with volume
Usage
To use the Alpha#67 worker, simply provide the required parameters and run the worker. The output will be a signal representing the power of ranks.
Visualizing the Indicator
The following images demonstrate how to use the Alpha#67 indicator:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze:
- 101 Formulaic Alphas by Zura Kakushadze