OPEN-SOURCE SCRIPT
Vince/Williams Bloodbath Sidestepping Rule
This is a defensive risk management tool designed to keep you on the sidelines during devastating market crashes. Drawing on the "Bloodbath" criteria outlined by Vince and Williams, this script highlights periods where market internals have structurally broken down, specifically when the percentage of New Lows exceeds a "danger" threshold (default 4%).
Unlike the Climax signal which looks for the end of a drop, this rule is designed to spot the acceleration phase of a decline. When the background turns red, it indicates that the market is in a liquidating phase where support levels are likely to fail. You should use this as a strict filter to avoid opening new long positions or to tighten stops on existing ones until the background color clears, signaling that the internal bleeding has stopped.
Unlike the Climax signal which looks for the end of a drop, this rule is designed to spot the acceleration phase of a decline. When the background turns red, it indicates that the market is in a liquidating phase where support levels are likely to fail. You should use this as a strict filter to avoid opening new long positions or to tighten stops on existing ones until the background color clears, signaling that the internal bleeding has stopped.
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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。