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MINMAX

Type: minmax • Category: indicators

Description​

Lowest and highest values over a specified period

Parameters​

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

Help​

MINMAX Indicator

Description​

The MINMAX indicator is a widely used tool in financial analysis that calculates the lowest and highest values of a specified data series over a given period. This indicator helps traders and analysts identify potential support and resistance levels, as well as gauge market volatility.

What does this worker do?​

The MINMAX 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 minimum and maximum values of the specified data series over the given period.

How to interpret the results​

The MINMAX indicator provides two key values:

  • Minimum value: The lowest value of the data series over the specified period.
  • Maximum value: The highest value of the data series over the specified period.

These values can be used to:

  • Identify potential support levels (minimum value) and resistance levels (maximum value)
  • Gauge market volatility by analyzing the range between the minimum and maximum values

Using the MINMAX Indicator​

For a visual guide on how to use the MINMAX indicator, refer to the following images:

Full Indicator Usage​

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

Short Indicator Usage​

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

Additional Knowledge​

The MINMAX indicator is often used in conjunction with other technical analysis tools, such as moving averages and trend lines, to form a comprehensive view of market trends and potential trading opportunities.

By incorporating the MINMAX indicator into your trading strategy, you can gain a better understanding of market dynamics and make more informed trading decisions.