OPEN-SOURCE SCRIPT
ATH Drawdown model
Best way to use:
On this model, the most useful reclaim alerts are usually L4, L3, and L2, because they often mark recovery from deeper drawdown zones back into improving structure. The cleanest use is on Daily, with 12H or 6H for earlier but still confirmed signals, always based on the completed candle close rather than mid-candle movement.
Clean interpretation:
A simple interpretation rule would be:
>Entered L4/L5: deep drawdown / stress zone.
>Reclaimed L4: early recovery signal.
>Reclaimed L3: stronger improvement in structure.
>Reclaimed L2: recovery gaining real traction
How to interpret “dead” names
Using this model, a name looks more structurally broken when it spends long periods in L4/L5, fails to reclaim those levels on confirmed bar closes, or reclaims them briefly and then loses them again. The Patreon guidance does not define “dead stock” directly, but it does emphasize using confirmed bar-close behavior rather than intrabar noise, so the meaningful signal is not a bounce during the candle — it is whether the level is reclaimed and held at candle close.
Best timeframe
The Patreon post says daily is great, while 12-hour or 6-hour can show direction changes earlier as long as you still confirm on bar close. So a practical setup is daily for your main map, 12H for earlier tactical signals, and 6H only when you want more responsiveness and accept more noise.
NO FINANCIAL ADVICE
On this model, the most useful reclaim alerts are usually L4, L3, and L2, because they often mark recovery from deeper drawdown zones back into improving structure. The cleanest use is on Daily, with 12H or 6H for earlier but still confirmed signals, always based on the completed candle close rather than mid-candle movement.
Clean interpretation:
A simple interpretation rule would be:
>Entered L4/L5: deep drawdown / stress zone.
>Reclaimed L4: early recovery signal.
>Reclaimed L3: stronger improvement in structure.
>Reclaimed L2: recovery gaining real traction
How to interpret “dead” names
Using this model, a name looks more structurally broken when it spends long periods in L4/L5, fails to reclaim those levels on confirmed bar closes, or reclaims them briefly and then loses them again. The Patreon guidance does not define “dead stock” directly, but it does emphasize using confirmed bar-close behavior rather than intrabar noise, so the meaningful signal is not a bounce during the candle — it is whether the level is reclaimed and held at candle close.
Best timeframe
The Patreon post says daily is great, while 12-hour or 6-hour can show direction changes earlier as long as you still confirm on bar close. So a practical setup is daily for your main map, 12H for earlier tactical signals, and 6H only when you want more responsiveness and accept more noise.
NO FINANCIAL ADVICE
开源脚本
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。