Sometimes, when analyzing scripts in the daily time frame, it can be challenging to identify the All-Time High (ATH) and calculate the percentage drop from it. Additionally, you may want to determine whether a 30%, 40%, or 50% drop could be a good buying opportunity. Using a scale to calculate these levels can be time-consuming.
This indicator simplifies the process by displaying both the ATH price and the desired percentage price levels from the ATH, making it easier to identify key buying zones.