Maximum frequency of digital signal in Arduino Uno?
Yes, use the hardware timers.
You can achieve 8 MHz.




Example sketch which outputs 8 MHz on pin 9 on a Uno:

#ifdef __AVR_ATmega2560__
  const byte CLOCKOUT = 11;  // Mega 2560
#else
  const byte CLOCKOUT = 9;   // Uno, Duemilanove, etc.
#endif

void setup ()
  {
  // set up 8 MHz timer on CLOCKOUT (OC1A)
  pinMode (CLOCKOUT, OUTPUT); 
  // set up Timer 1
  TCCR1A = bit (COM1A0);  // toggle OC1A on Compare Match
  TCCR1B = bit (WGM12) | bit (CS10);   // CTC, no prescaling
  OCR1A =  0;       // output every cycle
  }  // end of setup

void loop ()
  {
  // whatever 
  }  // end of loop


If you change OCR1A you can get lower frequencies. If you change the prescaler you can get lower frequencies again.

See my page about timers for more details.