MINMAXINDEX

Type: minmaxindex • Category: indicators

Description

Indexes of lowest and highest values over a specified period

Parameters

Name	Type	Description	Required	Default
real	string	Input array	no
timeperiod	number		no	30

Help

MINMAXINDEX

Description

The MINMAXINDEX worker calculates the indexes of the lowest and highest values over a specified period, providing valuable insights for financial markets.

What does this worker do?

This worker takes an input array and a specified time period, then returns the indexes of the minimum and maximum values within that period. This information can be used to identify trends, patterns, and potential trading opportunities in financial markets.

How to interpret the results

The results of the MINMAXINDEX worker will be two indexes: one for the minimum value and one for the maximum value. These indexes correspond to the positions of the minimum and maximum values in the input array. By analyzing these indexes, users can gain a better understanding of market trends and make more informed investment decisions.

Parameters

The following parameters can be passed to the MINMAXINDEX worker:

Parameters Schema (JSON)

{
  "real": {
    "type": "string",
    "description": "Input array"
  },
  "timeperiod": {
    "type": "number",
    "default": 30
  }
}

Detailed Parameters

• real:
  • Type: string
  • Description: The input array of values.
• timeperiod:
  • Type: number
  • Description: The specified period over which to calculate the minimum and maximum indexes.
  • Default: 30

By adjusting the timeperiod parameter, users can customize the worker to suit their specific needs and analyze different time frames. The real parameter provides the necessary input data for the calculation.