Hello everyone, sorry if this post breaks any rules, I'm very new here.
I've been learning QuantConnect for a few months now, and there is one feature I really wish was available within the documentation, specifically - example returns values for the indicators. I believe this would make QuantConnect much easier to understand for beginners, plus it would lead to visiting the LEAN repo just a little less often.
For example, some of the indicators have it already (such as RSI):
Creates a new RelativeStrengthIndex indicator. This will produce an oscillator that ranges from 0 to 100 based on the ratio of average gains to average losses over the specified period.
Returns:
The RelativeStrengthIndex indicator for the requested symbol over the specified period
In this case, the documentation makes it clear that you should expect a value from 0 to 100.
However, there are some that do not have details on the range of values (such as the Rate of Change Ratio indicator):
Creates a new RateOfChangeRatio indicator.
Returns:
The RateOfChangeRatio indicator for the requested symbol over the specified period
It would be helpful to have information about what values to expect (zero to infinity, in this case). Same with, for example, Sortino Ratio:
The symbol whose Sortino we want
Creates a new Sortino indicator.
While, to experienced traders, the range of a Sortino ratio is common knowledge, it would be beneficial to have that information available on-hover right within QuantConnect as quick reference material.
Thank you again for making a great product!
Mia Alissi
Great question, Justin! It's understandable why having return value ranges for QuantConnect indicators directly in the documentation would be convenient for new users. Let me give you a summary of the two indicators you mentioned and their expected return values:
1. Rate of Change Ratio (ROCR)
2. Sortino Ratio
Both indicators offer valuable insights, and understanding their ranges will help in their interpretation when building trading strategies. Suggesting improvements to the documentation, like including expected value ranges for all indicators, is certainly a beneficial idea and can be proposed through QuantConnect's feedback channels or forums.
If you have any more questions about these indicators or others, feel free to ask!
Sources: Rate Of Change Ratio - QuantConnect.com, Greeks and IV Implementation
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Justin Farrell
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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