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MINUS_DI

Type: minus_di • Category: indicators

Description​

Minus Directional Indicator

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringprices datano
highstringselect the column with highest pricesno
lowstringselect the column with lowest pricesno
closestringselect the column with closing pricesno
timeperiodnumberNumber of periods to use for MINUS_DI calculationno14

Help​

MINUS_DI

Description​

The MINUS_DI worker is an indicator used in financial analysis to calculate the Minus Directional Indicator. This indicator is part of the Directional Movement System, developed by J. Welles Wilder.

What does this worker do?​

The MINUS_DI worker calculates the Minus Directional Indicator (MINUS_DI) based on the provided price data. It takes the following parameters:

  • dataExp: prices data
  • high: select the column with highest prices
  • low: select the column with lowest prices
  • close: select the column with closing prices
  • timeperiod: Number of periods to use for MINUS_DI calculation

How to interpret the results​

The MINUS_DI indicator measures the downward price movement of an asset. A higher MINUS_DI value indicates a stronger downward trend, while a lower value indicates a weaker downward trend.

Usage​

To use the MINUS_DI worker, simply provide the required parameters and execute the worker. The output will be the calculated MINUS_DI values.

Interpretation and Knowledge​

The MINUS_DI indicator is typically used in conjunction with the Plus Directional Indicator (PLUS_DI) to form the Directional Movement Index (DMI). The DMI is used to identify and analyze the strength and direction of a trend.

When the MINUS_DI is above the PLUS_DI, it indicates a downtrend, and when the PLUS_DI is above the MINUS_DI, it indicates an uptrend. A crossover between the two indicators can signal a potential trend reversal.

The MINUS_DI indicator can be used to:

  • Identify downtrends and potential trend reversals
  • Analyze the strength of a downtrend
  • Form the Directional Movement Index (DMI) when used with PLUS_DI

Visualizing the Indicator​

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

Full Indicator Usage​

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

Short Indicator Usage​

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