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YCGH ATH Drawdown

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How the Indicator Measures Drawdown from ATH
The indicator continuously tracks and calculates the percentage decline from the all-time high (ATH) using a systematic approach.​

ATH Tracking Mechanism
Dynamic ATH Calculation: The script maintains a persistent variable that stores the highest price ever reached. On each bar, it compares the current high with the stored ATH using ath := math.max(ath, high), updating the ATH whenever a new peak is reached.
Nota Keluaran
Updated close with Low for drawdown calculations
Nota Keluaran
V1.1
Updated drawdown logic

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.