Alpha#74
Type:
alpha_74• Category:indicators
Description
Alpha#74 - negative correlation comparison.
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 | |
high | string | select the column with highest prices | no | |
vwap | string | select the column with VWAP | no |
Help
Alpha#74
Description
Alpha#74 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator performs a negative correlation comparison.
What does this worker do?
This worker calculates Alpha#74, which is a measure of negative correlation comparison. It uses various price and volume data to generate a signal that can be used in an investing strategy.
How to interpret the results
The results of Alpha#74 can be used to identify potential trading opportunities. A detailed explanation of how to interpret the results is beyond the scope of this documentation, but in general, the indicator can be used to gauge the strength of the negative correlation between different market variables.
Parameters
The following parameters are required to calculate Alpha#74:
- dataExp: pandas.DataFrame - Price data
- close: str - Select the column with closing prices
- volume: str - Select the column with volume
- high: str - Select the column with highest prices
- vwap: str - Select the column with VWAP (Volume-Weighted Average Price)
Usage
For a step-by-step guide on how to use this indicator, please refer to the following GIFs:
Background
Alpha#74 is part of the 101 Formulaic Alphas, a set of indicators developed by Zura Kakushadze. For more information, please refer to the publication:
[101 Formulaic Alphas](https://arxiv.org/pdf/1601.00991.pdf) by Zura Kakushadze.