OPEN-SOURCE SCRIPT
Mis à jour Drawdown Visualizer v1.0
Drawdown Visualizer
The Drawdown Visualizer tracks the percentage decline from all-time highs, providing valuable insights into market corrections and potential buying opportunities.
Key Features:
1) Real-Time Drawdown Tracking: The indicator continuously calculates and displays the current percentage drawdown from the all-time high price, color-coded from green (minimal drawdown) to red (severe drawdown) for instant visual feedback.
2) Maximum Drawdown Detection: Permanently tracks and displays the maximum historical drawdown encountered during the analyzed period, helping traders understand worst-case scenarios.
3) Statistical Analysis: Calculates and displays three important statistical measures:
* Average Drawdown: The mean value of all drawdowns recorded
* Median Drawdown: The middle value in the sorted list of all drawdowns, providing insight
into typical decline patterns
* Normal Drawdown Range: Visualizes the expected range of typical drawdowns based on
statistical standard deviation
Practical Applications:
1) Risk Management: Understand typical and extreme drawdowns to set appropriate stop-loss levels
2) Market Context: Gain perspective on whether current corrections are normal or exceptional
3) Entry Point Analysis: Identify potential buying opportunities when drawdowns reach statistical extremes
The Drawdown Visualizer tracks the percentage decline from all-time highs, providing valuable insights into market corrections and potential buying opportunities.
Key Features:
1) Real-Time Drawdown Tracking: The indicator continuously calculates and displays the current percentage drawdown from the all-time high price, color-coded from green (minimal drawdown) to red (severe drawdown) for instant visual feedback.
2) Maximum Drawdown Detection: Permanently tracks and displays the maximum historical drawdown encountered during the analyzed period, helping traders understand worst-case scenarios.
3) Statistical Analysis: Calculates and displays three important statistical measures:
* Average Drawdown: The mean value of all drawdowns recorded
* Median Drawdown: The middle value in the sorted list of all drawdowns, providing insight
into typical decline patterns
* Normal Drawdown Range: Visualizes the expected range of typical drawdowns based on
statistical standard deviation
Practical Applications:
1) Risk Management: Understand typical and extreme drawdowns to set appropriate stop-loss levels
2) Market Context: Gain perspective on whether current corrections are normal or exceptional
3) Entry Point Analysis: Identify potential buying opportunities when drawdowns reach statistical extremes
Notes de version
Drawdown Visualizer - Thanks Botnet101 for the original ideaThe Drawdown Visualizer tracks the percentage decline from all-time highs, providing valuable insights into market corrections and potential buying opportunities.
Key Features:
1) Real-Time Drawdown Tracking: The indicator continuously calculates and displays the current percentage drawdown from the all-time high price, color-coded from green (minimal drawdown) to red (severe drawdown) for instant visual feedback.
2) Maximum Drawdown Detection: Permanently tracks and displays the maximum historical drawdown encountered during the analyzed period, helping traders understand worst-case scenarios.
3) Statistical Analysis: Calculates and displays three important statistical measures:
* Average Drawdown: The mean value of all drawdowns recorded
* Median Drawdown: The middle value in the sorted list of all drawdowns, providing insight
into typical decline patterns
* Normal Drawdown Range: Visualizes the expected range of typical drawdowns based on
statistical standard deviation
Practical Applications:
1) Risk Management: Understand typical and extreme drawdowns to set appropriate stop-loss levels
2) Market Context: Gain perspective on whether current corrections are normal or exceptional
3) Entry Point Analysis: Identify potential buying opportunities when drawdowns reach statistical extremes
Notes de version
-Changed gradient calculation-Removed comments
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.