Alpha#7

Type: alpha_7 • Category: indicators

Description

Alpha#7 - indicator based on closing price changes and volume.

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

Help

Alpha#7

Description

Alpha#7 is an indicator used in investing strategy, specifically one of the 101 Formulaic Alphas. This indicator is based on closing price changes and volume.

What does this worker do?

The Alpha#7 worker calculates an indicator value based on the closing price changes and volume of a given stock. This indicator can be used to inform investment decisions.

How to interpret the results

The results of the Alpha#7 worker can be interpreted as a signal to buy or sell a stock. A positive value indicates a potential buying opportunity, while a negative value indicates a potential selling opportunity.

Parameters

The following parameters are required to configure the Alpha#7 worker:

• dataExp:
  • Type: price data
  • Description: The input price data.
• close:
  • Type: string
  • Description: The column name with closing prices.
• volume:
  • Type: string
  • Description: The column name with volume data.

Usage

To use the Alpha#7 worker, follow these steps:

1. Provide the required parameters: dataExp, close, and volume.
2. The worker will calculate the Alpha#7 indicator value based on the provided data.

Visual Guide

For a step-by-step visual guide on how to use the Alpha#7 worker, please refer to the following GIFs:

Publication

For more information on the 101 Formulaic Alphas, including the Alpha#7 indicator, please refer to the publication by Zura Kakushadze:

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