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.
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。