Alpha#78

Type: alpha_78 • Category: indicators

Description

Alpha#78 - power of correlations.

Parameters

Name	Type	Description	Required	Default
dataExp	string	price data	no
low	string	select the column with lowest prices	no
vwap	string	select the column with VWAP	no
volume	string	select the column with volume	no

Help

Alpha#78: Power of Correlations

Description

Alpha#78 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator calculates the power of correlations.

What does this worker do?

This worker calculates the power of correlations using price data, lowest prices, VWAP (Volume-Weighted Average Price), and volume.

How to interpret the results

The results of this indicator can be used to identify potential trading opportunities based on the power of correlations.

Parameters

The following parameters are required:

• dataExp: price data
  • Type: DataFrame
  • Description: Price data
• low: select the column with lowest prices
  • Type: String
  • Description: Column name with lowest prices
• vwap: select the column with VWAP
  • Type: String
  • Description: Column name with VWAP
• volume: select the column with volume
  • Type: String
  • Description: Column name with volume

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 Alpha 101 and the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze:

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