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MAXINDEX

Type: maxindex • Category: indicators

Description​

Index of highest value over a specified period

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
realstringData column to apply the calculation to (e.g., closing price)no
timeperiodnumberNumber of periodsno30

Help​

MAXINDEX

Index of Highest Value Over a Specified Period​

Description​

The MAXINDEX worker is a technical indicator used in financial analysis to determine the index of the highest value of a specified data series over a given period. This indicator helps traders and analysts identify the point at which the highest price was achieved within a specified timeframe.

What does this worker do?​

The MAXINDEX worker calculates the index of the highest value of a specified data series (e.g., closing price) over a specified period. This allows users to easily identify the point at which the highest price occurred within that period.

How to Interpret the Results​

The MAXINDEX worker returns the index of the highest value, which can be used to:

  • Identify the highest price point within a specified period
  • Analyze the trend and pattern of the data series
  • Make informed trading decisions based on the indicator's output

Usage​

To use the MAXINDEX worker, simply provide the following parameters:

  • dataExp: prices data
  • real: Data column to apply the calculation to (e.g., closing price)
  • timeperiod: Number of periods

Example Usage​

For example, to calculate the index of the highest closing price over a 20-period window, you would provide the following inputs:

  • dataExp: historical price data
  • real: closing price column
  • timeperiod: 20

Additional Information​

The MAXINDEX indicator is often used in conjunction with other technical indicators to form a trading strategy. It can be used to identify potential trend reversals or to confirm the strength of a trend.

Visualizing the Indicator​

For a visual representation of how to use the MAXINDEX worker, see the following GIFs:

Full GIF​

[![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short GIF​

[![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

By following these guidelines and using the MAXINDEX worker, traders and analysts can gain valuable insights into the behavior of financial markets and make more informed trading decisions.