OPEN-SOURCE SCRIPT
Run-Stacked Percentage Move
Tracks cumulative percentage change from a dynamic baseline that resets when price direction flips.
The baseline resets to the previous bar's close whenever a non-zero return has the opposite sign from the last non-zero return. Zero-change bars are ignored for flip detection but continue displaying the running cumulative percentage.
Teal histogram bars indicate positive moves from the baseline, red bars indicate negative moves. Useful for comparing directional momentum persistence across different instruments - configure the symbol input to track any security.
The baseline resets to the previous bar's close whenever a non-zero return has the opposite sign from the last non-zero return. Zero-change bars are ignored for flip detection but continue displaying the running cumulative percentage.
Teal histogram bars indicate positive moves from the baseline, red bars indicate negative moves. Useful for comparing directional momentum persistence across different instruments - configure the symbol input to track any security.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.