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: