Alpha#72
Type:
alpha_72• Category:indicators
Description
Alpha#72 - ratio of decay correlations.
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | price data | no | |
high | string | select the column with highest prices | no | |
low | string | select the column with lowest prices | no | |
volume | string | select the column with volume | no | |
vwap | string | select the column with VWAP | no |
Help
Alpha#72
Description
Alpha#72 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator calculates the ratio of decay correlations.
What does this worker do?
This worker calculates the Alpha#72 indicator, which is a ratio of decay correlations. It uses price data, high, low, volume, and VWAP (Volume-Weighted Average Price) data to compute the indicator.
How to interpret the results
The Alpha#72 indicator can be used to identify potential trading opportunities. A higher value may indicate a stronger correlation between the decay of price movements, while a lower value may indicate a weaker correlation.
Parameters
The following parameters are required to compute the Alpha#72 indicator:
- dataExp: price data
- Description: The price data used to compute the indicator.
- high: column with highest prices
- Description: The column containing the highest prices.
- low: column with lowest prices
- Description: The column containing the lowest prices.
- volume: column with volume
- Description: The column containing the trading volume.
- vwap: column with VWAP
- Description: The column containing the Volume-Weighted Average Price.
Usage
To use this indicator, simply provide the required parameters and run the worker. The output will be the computed Alpha#72 indicator.
Visual Guide
For a step-by-step guide on how to use this indicator, please refer to the following GIFs:
Reference
For more information on the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze: