PROTECTED SOURCE SCRIPT
📉 % Drop from 52WH & ATH (Color Coded)
This indicator displays the percentage drop of the current price from:
🔹 52-week high (approx. 1 year)
🔹 All-time high (ATH)
Each value is color-coded to reflect market positioning and risk level:
✅ Green: Drop less than 25% (low drawdown, relatively strong)
⚠️ Yellow: Drop between 25%–35% (moderate drawdown)
🔴 Red: Drop more than 35% (deep drawdown, potentially oversold)
The values appear in a compact info box at the top-right of the chart and work on any timeframe and asset, including stocks, crypto, indices, etc.
This tool is ideal for:
📉 Spotting deep corrections
🟢 Identifying strong relative performers
📊 Managing entry/exit based on risk zones
🔹 52-week high (approx. 1 year)
🔹 All-time high (ATH)
Each value is color-coded to reflect market positioning and risk level:
✅ Green: Drop less than 25% (low drawdown, relatively strong)
⚠️ Yellow: Drop between 25%–35% (moderate drawdown)
🔴 Red: Drop more than 35% (deep drawdown, potentially oversold)
The values appear in a compact info box at the top-right of the chart and work on any timeframe and asset, including stocks, crypto, indices, etc.
This tool is ideal for:
📉 Spotting deep corrections
🟢 Identifying strong relative performers
📊 Managing entry/exit based on risk zones
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.