OPEN-SOURCE SCRIPT
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.
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 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.
For quick access on a chart, add this script to your favorites — 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.
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.
For quick access on a chart, add this script to your favorites — 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.