OPEN-SOURCE SCRIPT
Intraday Percentage Drawdown from ATH
Track Intraday ATH:
The script maintains an intradayATH variable to track the highest price reached during the trading day up to the current point.
This variable is updated whenever a new high is reached.
Calculate Drawdown and Percentage Drawdown:
The drawdown is calculated as the difference between the intradayATH and the current closing price (close).
The percentage drawdown is calculated by dividing the drawdown by the intradayATH and multiplying by 100.
Plot Percentage Drawdown:
The percentageDrawdown is plotted on the chart with a red line to visually represent the drawdown from the intraday all-time high.
Draw Recession Line:
A horizontal red line is drawn at the 20.00 level, labeled "Recession". The line is styled as dotted and has a width of 2 for better visibility.
Draw Correction Line:
A horizontal yellow line is drawn at the 10.00 level, labeled "Correction". The line is styled as dotted and has a width of 2 for better visibility.
Draw All Time High Line:
A horizontal green line is drawn at the 0.0 level to represent the all-time high, labeled "All Time High". The line is styled as dotted and has a width of 2 for better visibility.
This script will display the percentage drawdown along with reference lines at 20% (recession), 10% (correction), and 0% (all-time high).
The script maintains an intradayATH variable to track the highest price reached during the trading day up to the current point.
This variable is updated whenever a new high is reached.
Calculate Drawdown and Percentage Drawdown:
The drawdown is calculated as the difference between the intradayATH and the current closing price (close).
The percentage drawdown is calculated by dividing the drawdown by the intradayATH and multiplying by 100.
Plot Percentage Drawdown:
The percentageDrawdown is plotted on the chart with a red line to visually represent the drawdown from the intraday all-time high.
Draw Recession Line:
A horizontal red line is drawn at the 20.00 level, labeled "Recession". The line is styled as dotted and has a width of 2 for better visibility.
Draw Correction Line:
A horizontal yellow line is drawn at the 10.00 level, labeled "Correction". The line is styled as dotted and has a width of 2 for better visibility.
Draw All Time High Line:
A horizontal green line is drawn at the 0.0 level to represent the all-time high, labeled "All Time High". The line is styled as dotted and has a width of 2 for better visibility.
This script will display the percentage drawdown along with reference lines at 20% (recession), 10% (correction), and 0% (all-time high).
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.