OPEN-SOURCE SCRIPT
Max Drawdown
Measures the max drawdown in relation to a benchmark over a lookback period.
Example 1:
To measure DOGE's drawdown in USD, set DOGEUSD in the main panel, leaving the "Use Benchmark" box unchecked.
Example 2:
To measure DOGE's drawdown in BTC, set DOGEUSD in the main panel, check the "Use Benchmark" box, and set INDEX:BTCUSD as the benchmark.
Example 1:
To measure DOGE's drawdown in USD, set DOGEUSD in the main panel, leaving the "Use Benchmark" box unchecked.
Example 2:
To measure DOGE's drawdown in BTC, set DOGEUSD in the main panel, check the "Use Benchmark" box, and set INDEX:BTCUSD as the benchmark.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.