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minus_di

MINUS_DI​

Type: minus_di • Category: indicators

Description​

Minus Directional Indicator

Parameters​

NameTypeDescriptionRequiredDefault
highstringList of highest pricesno
lowstringList of lowest pricesno
closestringList of closing pricesno
timeperiodnumberno14

Help​

MINUS_DI

Overview​

The MINUS_DI worker is an indicator used in financial markets to gauge the strength of a downtrend. It is part of a suite of indicators that help traders understand market sentiment and potential direction.

Description​

The Minus Directional Indicator (MINUS_DI) is a technical analysis tool used to measure the downward price movement of an asset. It helps traders identify and confirm downtrends, which can be crucial for making informed trading decisions.

What does this worker do?​

The MINUS_DI worker calculates the Minus Directional Indicator value based on the provided high, low, and close prices over a specified time period. This indicator is essential for traders who focus on identifying downtrends to make sell or short-sell decisions.

How to Interpret the Results​

  • A high MINUS_DI value indicates a strong downtrend, suggesting that the asset's price is likely to continue decreasing.
  • A low MINUS_DI value suggests a weak or non-existent downtrend, indicating that the asset's price may stabilize or increase.
  • When used in conjunction with other indicators, such as the Plus Directional Indicator (PLUS_DI), traders can gain a more comprehensive view of market trends and make more informed trading decisions.

Parameters​

The MINUS_DI worker accepts the following parameters:

Parameters Schema (JSON)​

{
  "high": {
    "type": "string",
    "description": "List of highest prices"
  },
  "low": {
    "type": "string",
    "description": "List of lowest prices"
  },
  "close": {
    "type": "string",
    "description": "List of closing prices"
  },
  "timeperiod": {
    "type": "number",
    "default": 14
  }
}

Detailed Parameters​

  • high: string - A list of the highest prices of the asset over a series of periods.
  • low: string - A list of the lowest prices of the asset over a series of periods.
  • close: string - A list of the closing prices of the asset over a series of periods.
  • timeperiod: number - The time period over which to calculate the MINUS_DI. Default value is 14.

Usage​

To use the MINUS_DI worker, provide the required parameters in the specified format. Ensure that the lists of high, low, and close prices are of the same length and correspond to the same time intervals. The worker will calculate and return the MINUS_DI value based on the provided data and time period.