This Indicator displays the momentum (performance) of the symbol in percent. You can compare the performance with other symbols. The default benchmarks are the S&P 500, the MSCI World and the FTSE All World EX US. The default length corresponds to one year in the timeframes monthly, weekly and daily. In intraday the default length is 200, but you can also set...
Maximum Drawdown and Maximum Relative Drawdown% calculating functions. I needed a way to calculate the maxDD% of a serie of datas from an array (the different values of my balance account). I didn't find any builtin pinescript way to do it, so here it is. There are 2 algorithms to calculate maxDD and relative maxDD%, one non optimized needs n*(n - 1)/2...
This script calculates the price drops from today's high. You can modify the percentages of the price drops yourself.
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...
SecretSauceForLife X1 Is Finally here! Finally after so much trial and error we have it! Our 3% DD indicator. This indicator gives 'long' 'short' 'close short' and 'close long' calls, we made this indicator based of the original GODMODE indicator credits to the original author for that! It was pretty complicated to understand the calls that the indicator gave so...
I needed to see what the max Drawdown was for a specific security, and so I wrote this script. Maybe others might also find it useful. Here I apply it to the Russel 2000 index. The Russel 2000 index has been gone down quite consistently recently. So someone might wonder how weird is that, and from this index you can see that we are still a long way before the bottom.
This indicator was described by Peter G. Martin and Byron B. McCann in their book "The Investor's Guide to Fidelity Funds" (1989).
EXPERIMENTAL: WARNING: Martingale is subject to HUGE drawdown spikes, use at your own risk! updated function to also double(aply multiplier) on even trades, example with a MA's crossover.
EXPERIMENTAL: WARNING:Martingale is susceptible to huge drawdown spikes, use at your own risk. simple functions for martingale wins and losses, multiplier can be adjusted manually to increase/decrease performance/drawdown.