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MIN

Type: min • Category: indicators

Description​

Lowest 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​

MIN Indicator

Description​

The MIN indicator is a widely used tool in financial analysis that calculates the lowest value of a specified data series over a given period. This indicator helps traders and analysts identify the minimum price of a security, commodity, or currency over a specified time frame.

What does this worker do?​

The MIN indicator worker takes in the following parameters:

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

It then calculates the lowest value of the specified data series over the given period.

How to interpret the results​

The MIN indicator provides the lowest value of the specified data series over the given period. This information can be used to:

  • Identify support levels: The MIN indicator can help traders identify potential support levels, which are areas where the price may bounce back or stabilize.
  • Determine price trends: By analyzing the MIN indicator over different time periods, traders can gain insights into the overall price trend and make informed investment decisions.

Additional Information​

The MIN indicator is often used in conjunction with other technical indicators to form a trading strategy. It can be used to:

  • Confirm trends: A rising MIN indicator can confirm an uptrend, while a falling MIN indicator can confirm a downtrend.
  • Identify reversals: A MIN indicator that starts to rise after a prolonged downtrend may indicate a potential reversal.

Usage Example​

To use the MIN indicator, simply provide the required parameters:

MIN(dataExp=prices, real='close', timeperiod=20)

This will calculate the lowest closing price over a 20-period window.

Visualizing the MIN Indicator​

For a visual representation of how to use the MIN indicator, refer to the following images:

Full GIF Example​

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

Short GIF Example​

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

These images demonstrate how to apply the MIN indicator to a sample dataset.