52W High / Low + 20% Retracement

52-Week High / Low with 20% Retracement Level

This indicator provides a visual context for momentum and drawdown
analysis using 52-week price extremes.

What it shows:
- The 52-week high and 52-week low levels.
- A retracement level defined as a fixed percentage (default 20%)
below the 52-week high.

How to interpret it:
- Price above the retracement level indicates that the stock has
corrected in a controlled manner and the broader momentum structure
is still intact.
- Price below the retracement level suggests a deeper drawdown and
potential deterioration of momentum.

Intended use:
- Designed as a quality filter, not as an entry or exit signal.
- Helps identify stocks with strong momentum that are consolidating
rather than breaking down.
- Should be combined with trend and liquidity filters.

Notes:
- The retracement percentage is adjustable.
- This indicator is descriptive, not predictive.
- It does not replace risk management or stop-loss rules.
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