OPEN-SOURCE SCRIPT
Rules-Based Portfolio Approach with Flashing Labels
This indicator provides a visual and interactive way to monitor significant price movements in selected stocks. By highlighting when a stock's price falls 20% below its 52-week high, traders and investors can identify potential opportunities or risks in their portfolio. The dynamic updates and flashing alerts ensure that critical information is always up-to-date and easily noticeable on the chart.
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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