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
版本注释
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
版本注释
-Changed gradient calculation-Removed comments
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。