diff --git a/Indicators/MyIndicators/Quant/AlphaBeta_Pro.md b/Indicators/MyIndicators/Quant/AlphaBeta_Pro.md new file mode 100644 index 0000000..e83836a --- /dev/null +++ b/Indicators/MyIndicators/Quant/AlphaBeta_Pro.md @@ -0,0 +1,49 @@ +# AlphaBeta Pro (Indicator) + +## 1. Summary + +**AlphaBeta Pro** is an institutional-grade analytical tool that measures an asset's performance relative to a Benchmark (Global Market). It separates the price movement into two distinct components: **Market Risk (Beta)** and **Intrinsic Strength (Alpha)**. + +This indicator helps traders filter out "Market Noise" and find assets that are moving due to their own specific catalysts, rather than just following the herd. + +## 2. Methodology & Modes + +The indicator operates in two selectable modes, visualizing different aspects of the Relative Strength concept. + +### Mode A: Alpha (Excess Return) + +* **Formula:** `Asset_Return - (Beta * Benchmark_Return)`. +* **Visual:** Colored Histogram. +* **Interpretation:** + * **Green (>0):** The asset is outperforming the market expectation. It is showing true strength. Ideal for **Long** positions. + * **Red (<0):** The asset is underperforming. Ideal for **Short** positions. + * *Note:* Unlike simple Relative Strength (which just compares % change), Alpha adjusts for volatility. + +### Mode B: Beta (Sensitivity) + +* **Formula:** `Covariance(Asset, Bench) / Variance(Bench)`. +* **Visual:** Gold Line. +* **Interpretation:** + * **Beta = 1.0:** The asset moves identically to the market. + * **Beta > 1.5:** "High Beta". The asset is aggressive and amplifies market moves. Good for volatility scalping. + * **Beta < 0.5:** "Low Beta". The asset is defensive or uncorrelated. Safe haven behavior. + +## 3. MQL5 Implementation Details + +* **Engine:** Powered by `MathStatistics_Calculator.mqh`. +* **Smart Synchronization:** The indicator automatically synchronizes the historical data of the current chart with the Benchmark symbol using precise time-matching (`iBarShift`). +* **Auto-Detection:** Automatically selects the correct Benchmark: + * **Indices/Crypto/Stocks:** Compares against `US500`. + * **Forex Pairs:** Compares against the Dollar Index (`DX` or `USDX`). + +## 4. Parameters + +* `InpMode`: Select between **MODE_ALPHA** (Histogram) or **MODE_BETA** (Line). +* `InpLookback`: The rolling window for the statistical calculation (Default: `60` bars). +* `InpBenchmark` / `InpForexBench`: Symbols used as the market baseline. + +## 5. Relationship with QuantScan Script + +* **QuantScan Script:** Displays a snapshot of `REL_STR` (Simple Relative Strength) for quick filtering. +* **AlphaBeta Indicator:** Displays the historical evolution of `Alpha` (Risk-Adjusted Strength) for deep analysis. + * *Pro Tip:* Use the Script to find assets with high `REL_STR`, then use this Indicator to confirm if that strength is consistent (Green Alpha Histogram) or just a lucky spike.