MININDEX
Type:
minindex• Category:indicators
Description
Index of lowest value over a specified period
Parameters
| Name | Type | Description | Required | Default |
|---|---|---|---|---|
dataExp | string | prices data | no | |
real | string | Data column to apply the calculation to (e.g., closing price) | no | |
timeperiod | number | Number of periods | no | 30 |
Help
MININDEX
Index of Lowest Value Over a Specified Period
Description
The MININDEX worker is a technical indicator used in financial analysis to identify the index of the lowest value of a specified data series over a given period. This indicator is particularly useful for traders and analysts who seek to understand the behavior of financial instruments by pinpointing the lowest points in their price movements over a certain timeframe.
What does this worker do?
The MININDEX worker calculates the index of the lowest value of a specified data series (e.g., closing prices) over a user-defined period. This allows users to easily identify at which point in time the lowest value occurred within that period.
How to Interpret the Results
- Low MININDEX values indicate that the lowest price occurred early in the specified period.
- High MININDEX values suggest that the lowest price occurred later in the period.
- A MININDEX value of 0 indicates that the lowest price occurred at the start of the period.
Usage
To use the MININDEX worker, you will need to provide the following parameters:
dataExp: The prices data.real: The data column to apply the calculation to (e.g., closing price).timeperiod: The number of periods over which to calculate the index of the lowest value.
Example Usage
Assuming you have a dataset dataExp with daily closing prices and you want to find the index of the lowest closing price over a 14-day period:
MININDEX(dataExp=dataExp, real="close", timeperiod=14)
Visualizing MININDEX
For a visual guide on how to use the MININDEX worker, refer to the following GIFs:
Full Usage Example
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)
Short Usage Example
[](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)
Additional Insights
The MININDEX indicator can be particularly useful when combined with other technical indicators. For instance, identifying the lowest point of a downtrend can help in confirming buy signals when used alongside momentum indicators. Understanding the historical context and combining MININDEX with other forms of analysis can enhance its effectiveness in trading and investment decisions.