OPEN-SOURCE SCRIPT
Bear Market Level
Marks the bear market level. Calculated as 20% drop from highs. Useful on indices to determine technical Bull or Bear markets.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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