PROTECTED SOURCE SCRIPT
已更新 Hendo's Drawdown Calculator
Are you particularly good at buying tops and selling bottoms while being terrible at math?
Then here's your solution:
A basic script that automatically calculates and plots the drawdown between the highest high (or open/close) and the current price.
Best used on the higher time frames (so you can easily see where the "top is derived from". If it's used on an asset that hasn't topped out yet (unlike 90% of the altcoins) the calculations will not work (since it's not in drawdown).
Comes with 1 setting: The source that should be used to calculate the highest point in price. Options are: High, Close or Open. I've purposely left out "low" and "HL2/OHLC4" because they don't make much sense for a script like this.
Considerate use is advised for people with weak hands. Since the numbers can be overwhelming.
If you encounter any bugs or errors feel free to leave a comment. Enjoy!
Then here's your solution:
A basic script that automatically calculates and plots the drawdown between the highest high (or open/close) and the current price.
Best used on the higher time frames (so you can easily see where the "top is derived from". If it's used on an asset that hasn't topped out yet (unlike 90% of the altcoins) the calculations will not work (since it's not in drawdown).
Comes with 1 setting: The source that should be used to calculate the highest point in price. Options are: High, Close or Open. I've purposely left out "low" and "HL2/OHLC4" because they don't make much sense for a script like this.
Considerate use is advised for people with weak hands. Since the numbers can be overwhelming.
If you encounter any bugs or errors feel free to leave a comment. Enjoy!
版本注释
Fixed a small error in the display.受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
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。