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OPEN-SOURCE SCRIPT

Price Drops

By CMTony
Updated
This script calculates the price drops from today's high.

You can modify the percentages of the price drops yourself.
Release Notes
With this update, the indicator can plot price drop levels on the chart and you can set alerts that fire when the price hits those levels.
Release Notes
Removed a typo.
drawdownDROPTrend Analysis

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.

Want to use this script on a chart?

CMTony

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.