OPEN-SOURCE SCRIPT
Catastrophe Distance
Catastrophe Distance is a tool to visually explore the time between catastrophic price moves.
Catastrophes are defined with 2 variables:
drawdown_threshold: the amount of percent the price has to fall
lookback_period = the amount of last candles in which drawdown_threshold was reached.
Drawdown_threshold per default is 25% and lookback_period is 5, meaning per default if price moves -25% in the last 5 candles you have a catastrophe.
Feel free to play around with this values to fit all the events you consider a catastrophe.
This indicator does not provide signals. It however implies caution if the time since the last catastrophe is higher then the average time between catastrophes (of last x catastrophes).
This is marked by the label over the current price showing the actual and average time since last catastrophe turning from green to black.
Given that the distance between catastrophes is somewhat cyclical:
Maybe now is a good time to start phishing for low limit orders and reduce leverage?
Catastrophes are defined with 2 variables:
drawdown_threshold: the amount of percent the price has to fall
lookback_period = the amount of last candles in which drawdown_threshold was reached.
Drawdown_threshold per default is 25% and lookback_period is 5, meaning per default if price moves -25% in the last 5 candles you have a catastrophe.
Feel free to play around with this values to fit all the events you consider a catastrophe.
This indicator does not provide signals. It however implies caution if the time since the last catastrophe is higher then the average time between catastrophes (of last x catastrophes).
This is marked by the label over the current price showing the actual and average time since last catastrophe turning from green to black.
Given that the distance between catastrophes is somewhat cyclical:
Maybe now is a good time to start phishing for low limit orders and reduce leverage?
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。