OPEN-SOURCE SCRIPT
已更新 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
發行說明
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
發行說明
-Changed gradient calculation-Removed comments
開源腳本
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。