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MINMAXINDEX

Type: minmaxindex • Category: indicators

Description​

Indexes of 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​

MINMAXINDEX

Description​

The MINMAXINDEX worker is a technical indicator used in financial analysis to identify the indexes of the lowest and highest values of a specified data series over a given period.

What does this worker do?​

The MINMAXINDEX worker calculates the indexes of the lowest and highest values of a specified data series (e.g., closing price) over a specified period. This allows users to identify the points in time when the highest and lowest values occurred.

How to interpret the results​

The MINMAXINDEX worker returns two values:

  • The index of the lowest value over the specified period
  • The index of the highest value over the specified period

These values can be used to:

  • Identify local extrema in the data series
  • Analyze trends and patterns in the data
  • Make informed investment decisions

Usage​

To use the MINMAXINDEX worker, simply 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

Indicator Knowledge​

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

  • Identify support and resistance levels
  • Confirm trends and reversals
  • Optimize entry and exit points

Visualizing the Indicator​

For a visual representation of how to use the MINMAXINDEX indicator, see the following GIFs:

Full GIF​

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

Short GIF​

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

These GIFs demonstrate how to apply the MINMAXINDEX indicator to a data series and interpret the results.

Example Use Case​

The MINMAXINDEX worker can be used in a variety of financial analysis applications, such as:

  • Identifying local extrema in stock prices
  • Analyzing trends in cryptocurrency markets
  • Optimizing trading strategies using technical indicators

By incorporating the MINMAXINDEX worker into your financial analysis toolkit, you can gain a deeper understanding of market trends and make more informed investment decisions.