Correction Percent and Days Since


Use this script to see the depths of corrections and also to see how long it has been since a correction.

I published this script because the last time the SNP has gone this long without a 5% correction was 1996 excluding bear markets of course.

NOTE: This script is a 2 in 1. In order to see correction depth only use the first 3 plot settings as visible.

In order to see the days since a correction use the last two plot settings.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

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