OPEN-SOURCE SCRIPT
Drawdown [WynTrader]
Drawdown [WynTrader]
Hello my friend
Before trading an unfamiliar asset, it's worth seeing how it survived its toughest moments — including major market crashes. This indicator reveals every significant decline a security has experienced: how far it dropped, and how long it took. Seeing a past drawdown of -54% over 13 months makes the next correction far less intimidating.
Use it to measure real risk, set realistic expectations, and trade with more confidence.
█ CONCEPTS
A drawdown is the decline from a price peak to the lowest point that follows. The indicator automatically detects every peak and trough, filtering out noise to keep only declines at or above your chosen threshold (default: 20%).
█ FEATURES
Threshold — Set the minimum decline to display, so only meaningful crashes appear.
Boxes & Labels — Each drawdown is highlighted on the chart from peak to trough, labeled with its duration and amplitude (e.g., 13M -54%).
History Table — Lists every recorded drawdown with start/end dates, span, and decline %. Sortable and adjustable in size.
█ CONCLUSION
Before investing, check an asset's drawdown history: how deep, how long, did it recover? These questions reveal its true volatility and resilience. A chart without this history tells only half the story.
█ WYNTRADER
I'm not a Pine Script programmer — just a trader building tools for my own analysis. A few rough edges may remain. Enjoy!
WynTrader
Hello my friend
Before trading an unfamiliar asset, it's worth seeing how it survived its toughest moments — including major market crashes. This indicator reveals every significant decline a security has experienced: how far it dropped, and how long it took. Seeing a past drawdown of -54% over 13 months makes the next correction far less intimidating.
Use it to measure real risk, set realistic expectations, and trade with more confidence.
█ CONCEPTS
A drawdown is the decline from a price peak to the lowest point that follows. The indicator automatically detects every peak and trough, filtering out noise to keep only declines at or above your chosen threshold (default: 20%).
█ FEATURES
Threshold — Set the minimum decline to display, so only meaningful crashes appear.
Boxes & Labels — Each drawdown is highlighted on the chart from peak to trough, labeled with its duration and amplitude (e.g., 13M -54%).
History Table — Lists every recorded drawdown with start/end dates, span, and decline %. Sortable and adjustable in size.
█ CONCLUSION
Before investing, check an asset's drawdown history: how deep, how long, did it recover? These questions reveal its true volatility and resilience. A chart without this history tells only half the story.
█ WYNTRADER
I'm not a Pine Script programmer — just a trader building tools for my own analysis. A few rough edges may remain. Enjoy!
WynTrader
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
WynTrader
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
WynTrader
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.