Alpha#99
Type:
alpha_99• Category:indicators
Description
Alpha#99 - negative comparison of rank 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 |
Help
Alpha#99
Description
Alpha#99 is an indicator from Alpha 101, a set of formulaic alphas used in investing strategies. This indicator calculates the negative comparison of rank correlations.
What does this worker do?
This worker calculates the Alpha#99 indicator, which is a measure of the negative comparison of rank correlations. It uses price data, high, low, and volume columns to compute the indicator.
How to interpret the results
The Alpha#99 indicator can be used to identify potential trading opportunities. A negative value indicates a decrease in the correlation between the rank of the price and the rank of the volume, while a positive value indicates an increase.
Parameters
The following parameters are required to compute the Alpha#99 indicator:
- dataExp: pandas.DataFrame
- Description: Price data
- high: str
- Description: Select the column with highest prices
- low: str
- Description: Select the column with lowest prices
- volume: str
- Description: Select the column 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 the 101 Formulaic Alphas, please refer to the publication by Zura Kakushadze: