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Alpha#8

Type: alpha_8 • Category: indicators

Description​

Alpha#8 - an indicator based on the sum of open, returns and lag.

Parameters​

NameTypeDescriptionRequiredDefault
openarrayList of open pricesno
returnsarrayList of returnsno

Help​

Alpha#8 Indicator

Description​

Alpha#8 is an indicator developed by Alpha 101, used in investing strategies to provide insights based on the sum of open prices, returns, and lag.

What does this worker do?​

The Alpha#8 worker calculates an indicator value based on the provided open prices and returns. It combines these inputs to generate a signal that can be used in investment strategies.

How to interpret the results​

The output of the Alpha#8 worker is a value that represents the calculated indicator. A higher value may indicate a stronger signal for investment, while a lower value may indicate a weaker signal. The interpretation of the results depends on the specific investment strategy and the user's analysis.

Parameters​

The Alpha#8 worker requires the following parameters:

Parameters Schema (JSON)​

{
  "open": {
    "type": "array",
    "description": "List of open prices"
  },
  "returns": {
    "type": "array",
    "description": "List of returns"
  }
}

Detailed Parameters​

  • open:
    • Type: array
    • Description: List of open prices. This parameter requires a series of open prices to calculate the indicator.
  • returns:
    • Type: array
    • Description: List of returns. This parameter requires a series of returns to calculate the indicator.

Usage​

To use the Alpha#8 worker, provide the required parameters in the specified JSON format. Ensure that the open prices and returns arrays have the same length and are correctly aligned.

Example usage:

{
  "open": [10.0, 12.0, 11.5, 13.0],
  "returns": [0.05, -0.02, 0.03, 0.01]
}