OPEN-SOURCE SCRIPT
Percentage Drop Indicator
This indicator draws a line a given percentage under the highest price over the latest period of time.
Example:
Period = 20
Percentage = 10
A line will be drawn 10% over the highest price over the last 20periods.
Example:
Period = 20
Percentage = 10
A line will be drawn 10% over the highest price over the last 20periods.
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.