Correction Territory — Indicator by FX365_Thailand

trendanalysis advancedeclineratio correctionrate correctionterritory

A simple indicator showing how much percentage has been corrected since a recent highest high.

You can set 3 horizontal line to compare with past correction rates.

直近の最高値からの調整率を表示するインジケーターです。
過去の調整規模との比較のため、3本の水平線も設定可能です。

Release Notes:

Enabled to select source from low and close to calculate correction rate.

■”なぜ”がわかる相場分析
・チャートの動きというファクトを元に
・客観的かつロジカルに
・初心者でもわかるように
相場展望を解説

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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.

Disclaimer

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