AvinashPandit

Percent Drop - For XIV

xiv
44 0 6
xiv
Useful for Rangebound stocks .
I am using it with XIV             , start accumulating day after circle appears.
Have TP of 20% upside
Average it if TP not hit on next flash

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study(title = "Volatility Drop", overlay = true)
DropPercent = input(-0.1, title="Drop Percent")
DropDays = input(3, title="Drop Days")
percentDrop = (mom(close,DropDays)/close < DropPercent ? low : na)

plot(percentDrop,linewidth=4, style=circles)
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