OPEN-SOURCE SCRIPT
VFV Correction Levels
This Pine Script, "VFV Correction Levels," identifies significant daily price corrections and calculates corresponding investments based on fixed thresholds (paliers). Key features include:
Six predefined correction levels trigger investments between $150 and $600 based on the percentage drop.
Larger corrections correspond to higher investment amounts.
Graphical Indicators:
Visual labels mark correction levels and display investment amounts directly on the chart.
Investment Tracking:
Calculates total invested and tracks performance (yield percentage) relative to the initial correction price.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.