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Toh4iem9
50 lines
2.6 KiB
Markdown
50 lines
2.6 KiB
Markdown
# AlphaBeta Pro (Indicator)
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## 1. Summary
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**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)**.
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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.
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## 2. Methodology & Modes
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The indicator operates in two selectable modes, visualizing different aspects of the Relative Strength concept.
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### Mode A: Alpha (Excess Return)
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* **Formula:** `Asset_Return - (Beta * Benchmark_Return)`.
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* **Visual:** Colored Histogram.
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* **Interpretation:**
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* **Green (>0):** The asset is outperforming the market expectation. It is showing true strength. Ideal for **Long** positions.
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* **Red (<0):** The asset is underperforming. Ideal for **Short** positions.
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* *Note:* Unlike simple Relative Strength (which just compares % change), Alpha adjusts for volatility.
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### Mode B: Beta (Sensitivity)
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* **Formula:** `Covariance(Asset, Bench) / Variance(Bench)`.
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* **Visual:** Gold Line.
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* **Interpretation:**
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* **Beta = 1.0:** The asset moves identically to the market.
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* **Beta > 1.5:** "High Beta". The asset is aggressive and amplifies market moves. Good for volatility scalping.
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* **Beta < 0.5:** "Low Beta". The asset is defensive or uncorrelated. Safe haven behavior.
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## 3. MQL5 Implementation Details
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* **Engine:** Powered by `MathStatistics_Calculator.mqh`.
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* **Smart Synchronization:** The indicator automatically synchronizes the historical data of the current chart with the Benchmark symbol using precise time-matching (`iBarShift`).
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* **Auto-Detection:** Automatically selects the correct Benchmark:
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* **Indices/Crypto/Stocks:** Compares against `US500`.
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* **Forex Pairs:** Compares against the Dollar Index (`DX` or `USDX`).
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## 4. Parameters
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* `InpMode`: Select between **MODE_ALPHA** (Histogram) or **MODE_BETA** (Line).
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* `InpLookback`: The rolling window for the statistical calculation (Default: `60` bars).
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* `InpBenchmark` / `InpForexBench`: Symbols used as the market baseline.
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## 5. Relationship with QuantScan Script
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* **QuantScan Script:** Displays a snapshot of `REL_STR` (Simple Relative Strength) for quick filtering.
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* **AlphaBeta Indicator:** Displays the historical evolution of `Alpha` (Risk-Adjusted Strength) for deep analysis.
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* *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.
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