Drawdown % (with SMA)

This script, titled "Drawdown % (with SMA)" and designed for Pine Script version 5

offers a sophisticated tool for traders to monitor drawdown percentages, a crucial metric in assessing investment risks. The script calculates the drawdown as the percentage decrease from the all-time high value of the selected financial instrument.
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.


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