OPEN-SOURCE SCRIPT
Intraday Percentage Drawdown from ATH
Track Intraday ATH:
The script maintains an intradayATH variable to track the highest price reached during the trading day up to the current point.
This variable is updated whenever a new high is reached.
Calculate Drawdown and Percentage Drawdown:
The drawdown is calculated as the difference between the intradayATH and the current closing price (close).
The percentage drawdown is calculated by dividing the drawdown by the intradayATH and multiplying by 100.
Plot Percentage Drawdown:
The percentageDrawdown is plotted on the chart with a red line to visually represent the drawdown from the intraday all-time high.
Draw Recession Line:
A horizontal red line is drawn at the 20.00 level, labeled "Recession". The line is styled as dotted and has a width of 2 for better visibility.
Draw Correction Line:
A horizontal yellow line is drawn at the 10.00 level, labeled "Correction". The line is styled as dotted and has a width of 2 for better visibility.
Draw All Time High Line:
A horizontal green line is drawn at the 0.0 level to represent the all-time high, labeled "All Time High". The line is styled as dotted and has a width of 2 for better visibility.
This script will display the percentage drawdown along with reference lines at 20% (recession), 10% (correction), and 0% (all-time high).
The script maintains an intradayATH variable to track the highest price reached during the trading day up to the current point.
This variable is updated whenever a new high is reached.
Calculate Drawdown and Percentage Drawdown:
The drawdown is calculated as the difference between the intradayATH and the current closing price (close).
The percentage drawdown is calculated by dividing the drawdown by the intradayATH and multiplying by 100.
Plot Percentage Drawdown:
The percentageDrawdown is plotted on the chart with a red line to visually represent the drawdown from the intraday all-time high.
Draw Recession Line:
A horizontal red line is drawn at the 20.00 level, labeled "Recession". The line is styled as dotted and has a width of 2 for better visibility.
Draw Correction Line:
A horizontal yellow line is drawn at the 10.00 level, labeled "Correction". The line is styled as dotted and has a width of 2 for better visibility.
Draw All Time High Line:
A horizontal green line is drawn at the 0.0 level to represent the all-time high, labeled "All Time High". The line is styled as dotted and has a width of 2 for better visibility.
This script will display the percentage drawdown along with reference lines at 20% (recession), 10% (correction), and 0% (all-time high).
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。