Use this script on Daily Timeframe.
This script calculates Daily Moves ( Intraday / Close basis ) and buckets them into 1% / 2% / 3% moves
Also calculates MAX DD for the financial year from Peak to Trough
Helps in identifying volatility of the instrument and high drawdowns due to volatility
This indicator marks big candles (major moves in percentage) on the chart and, more importantly, you will be able to add an alert to them.
Indicator checks if the height (high - low) of last closed candle is bigger than the specified percent of the close of its previous. No matter if the last candle is red or green, the indicator compares the move amount with...
