Trendoscope

Max drawdown days

A friendly reminder to myself and rest of the traders that market can stay low for prolonged time!!

Details are pretty simple.


Here is small comparison of the stats for major US indices.


Can also be applied to stocks. Cells are highlighted in red background ii
  • Drawdown/Recovery is still in progress for historical stats
  • Current drawdown bars/recovery bars are higher than that of median of All time stats.



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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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