OPEN-SOURCE SCRIPT
52-Week High & 20% Below
This indicator plots the rolling 52-week high along with a clear horizontal level 20% below that high.
The core idea behind this script:
For long-term investors who truly believe in a company’s fundamentals, a 20% drop from the 52-week high often represents a high-probability area to add to positions or start building a position.
This tool helps you visually identify those moments of temporary weakness in quality companies without getting caught up in short-term noise. It’s designed for patient, conviction-based investing — not for day trading or chasing momentum.
How to use it:
Watch for price approaching or touching the red 20% Below line on stocks you already like fundamentally.
Use it as a reference to scale into positions during pullbacks rather than trying to catch the absolute bottom.
Best used on daily charts for stocks, ETFs, or indices you intend to hold for years.
This is a simple visual aid to support a time-tested long-term investing approach: Buy quality companies when they go on sale.
The core idea behind this script:
For long-term investors who truly believe in a company’s fundamentals, a 20% drop from the 52-week high often represents a high-probability area to add to positions or start building a position.
This tool helps you visually identify those moments of temporary weakness in quality companies without getting caught up in short-term noise. It’s designed for patient, conviction-based investing — not for day trading or chasing momentum.
How to use it:
Watch for price approaching or touching the red 20% Below line on stocks you already like fundamentally.
Use it as a reference to scale into positions during pullbacks rather than trying to catch the absolute bottom.
Best used on daily charts for stocks, ETFs, or indices you intend to hold for years.
This is a simple visual aid to support a time-tested long-term investing approach: Buy quality companies when they go on sale.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.