OPEN-SOURCE SCRIPT
Asset Drawdown & Drawdown HeatMap [InvestorUnknown]

Overview
The "Asset Drawdown & Drawdown HeatMap" indicator is designed for educational purposes to help users visualize and analyze the drawdowns of various assets. It highlights both recent and historical drawdowns, offering valuable insights into the performance and risk of different investments. Additionally, it can serve as a complementary analysis tool for trading and investing decisions.
Features
Drawdown Calculation:
HeatMap Visualization:

Multiple Assets:

Customizable Settings:
Detailed Functionality
Drawdown Calculation:
The DD() function calculates the current drawdown and the maximum historical drawdown based on the high and low values.
The drawdown is calculated as 100 - (lowvalue / ATH * 100), where ATH is the highest value observed so far.
Pine Script®
Security Request:
Uses the request.security() function to fetch drawdown data for each specified asset on a daily timeframe.
Computes both current drawdown (TnDD) and maximum drawdown (TnMDD) for each asset.
Pine Script®
Plotting:
Plots the drawdown values for each asset on the chart, with the option to enable or disable plotting for individual assets.
Colors the plotted lines and labels based on user-specified preferences.
HeatMap:
Creates a heatmap color gradient based on the drawdown values over the lookback period.
Colors the bars on the chart according to the heatmap to visualize drawdown severity over time.
Pine Script®
Labels:
Displays labels for each asset's drawdown value at the end of the chart for quick reference.
This indicator is an excellent tool for educational purposes, helping users understand drawdown dynamics and their implications on asset performance. It also provides a visual aid for monitoring and comparing drawdowns across multiple assets, which can be beneficial for making informed trading and investment decisions.
The "Asset Drawdown & Drawdown HeatMap" indicator is designed for educational purposes to help users visualize and analyze the drawdowns of various assets. It highlights both recent and historical drawdowns, offering valuable insights into the performance and risk of different investments. Additionally, it can serve as a complementary analysis tool for trading and investing decisions.
Features
Drawdown Calculation:
- Computes the drawdown from the highest value (ATH) to the current value, showing the percentage decline.
- Displays both the current drawdown and the maximum historical drawdown for the selected assets.
HeatMap Visualization:
- Uses a gradient color scheme to represent the magnitude of drawdowns over a specified lookback period.
- Helps identify periods of significant decline and recovery visually.
Multiple Assets:
- Supports up to 10 different assets (adding more would make it harder to see the drawdowns of different assets), allowing users to compare drawdowns across various symbols.
- Each asset can be individually plotted and color-coded for clarity.
Customizable Settings:
- User inputs for high and low value calculations, color preferences, and lookback periods.
- Option to color bars based on the drawdown heatmap.
Detailed Functionality
Drawdown Calculation:
The DD() function calculates the current drawdown and the maximum historical drawdown based on the high and low values.
The drawdown is calculated as 100 - (lowvalue / ATH * 100), where ATH is the highest value observed so far.
// - - - - - Custom Function - - - - - //{
DD() =>
ATH = highvalue
ATH := na(ATH[1]) ? highvalue : math.max(highvalue, ATH[1])
Drawdown = 100 - lowvalue / ATH * 100
MaxDrawdown = Drawdown
MaxDrawdown := na(MaxDrawdown[1]) ? Drawdown : math.max(Drawdown, MaxDrawdown[1])
[Drawdown,MaxDrawdown]
//}
Security Request:
Uses the request.security() function to fetch drawdown data for each specified asset on a daily timeframe.
Computes both current drawdown (TnDD) and maximum drawdown (TnMDD) for each asset.
// - - - - - Create Variables - - - - - //{
[T0DD , T0MDD] = request.security("", "1D", DD()) // Chart
[T1DD , T1MDD] = request.security(t1, "1D", DD())
[T2DD , T2MDD] = request.security(t2, "1D", DD())
[T3DD , T3MDD] = request.security(t3, "1D", DD())
[T4DD , T4MDD] = request.security(t4, "1D", DD())
[T5DD , T5MDD] = request.security(t5, "1D", DD())
[T6DD , T6MDD] = request.security(t6, "1D", DD())
[T7DD , T7MDD] = request.security(t7, "1D", DD())
[T8DD , T8MDD] = request.security(t8, "1D", DD())
[T9DD , T9MDD] = request.security(t9, "1D", DD())
[T10DD, T10MDD] = request.security(t10, "1D", DD())
//}
Plotting:
Plots the drawdown values for each asset on the chart, with the option to enable or disable plotting for individual assets.
Colors the plotted lines and labels based on user-specified preferences.
HeatMap:
Creates a heatmap color gradient based on the drawdown values over the lookback period.
Colors the bars on the chart according to the heatmap to visualize drawdown severity over time.
// - - - - - HeatMap - - - - - //{
heatcol = color.from_gradient(T0DD, ta.lowest(T0DD,lookback), ta.highest(T0DD,lookback), topcol, botcol)
barcolor(colbars ? heatcol : na)
//}
Labels:
Displays labels for each asset's drawdown value at the end of the chart for quick reference.
This indicator is an excellent tool for educational purposes, helping users understand drawdown dynamics and their implications on asset performance. It also provides a visual aid for monitoring and comparing drawdowns across multiple assets, which can be beneficial for making informed trading and investment decisions.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。