OPEN-SOURCE SCRIPT
Down since Initial Price
Simple indicator that just displays two labels. One at the lowest price with the percentage decrease since initial price and one at current price with the percentage change since initial price. Both labels can be toggled on/off in the settings.
Can be used to quickly analyze drops after IPO, for example if you have target percentage that the stock should drop after IPO.
Don't hesitate to send me a message if you have questions, noticed any bugs or have suggestions on improvements.
Can be used to quickly analyze drops after IPO, for example if you have target percentage that the stock should drop after IPO.
Don't hesitate to send me a message if you have questions, noticed any bugs or have suggestions on improvements.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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