Alpha#69
Type:
alpha_69• Category:indicators
Description
Alpha#69 - power of ts_max and ts_rank.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
vwap | string | select the column with VWAP | no | |
volume | string | select the column with volume | no | |
close | string | select the column with closing prices | no |
Help
Alpha#69
Description
Alpha#69 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator leverages the power of ts_max and ts_rank to generate a signal.
What does this worker do?
This worker calculates the Alpha#69 indicator, which is a combination of technical analysis and ranking functions. It uses the ts_max function to find the maximum value over a certain period and ts_rank to rank the values.
How to interpret the results
The Alpha#69 indicator generates a value that can be used to inform investment decisions. A higher value may indicate a stronger signal, while a lower value may indicate a weaker signal. The interpretation of the results depends on the specific investment strategy and goals.
Parameters
The following parameters are required to calculate the Alpha#69 indicator:
- dataExp:
price data- Type: DataFrame
- Description: Price data used to calculate the indicator
- vwap:
select the column with VWAP- Type: String
- Description: Column name with Volume Weighted Average Price (VWAP) data
- volume:
select the column with volume- Type: String
- Description: Column name with volume data
- close:
select the column with closing prices- Type: String
- Description: Column name with closing price data
Usage
To use this indicator, simply pass in the required parameters. You can refer to the following GIFs for a step-by-step guide:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze: