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doriaviram

Drawdown % (with SMA)

doriaviram  
statistics drawdown DD risk-management
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statistics drawdown dd risk-management
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.

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.

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