OPEN-SOURCE SCRIPT
Max Drawdown Awareness Overlay
Tracks the running peak of price (or any source) over a configurable lookback and shows the current drawdown from that peak plus the running maximum drawdown observed across the window. The chart shades when drawdown crosses your warning and critical thresholds. It does NOT generate buy or sell signals.
What it shows
- Running peak over the lookback
- Current drawdown from peak, in percent
- Maximum drawdown observed, with warning/critical shading
Honest by design
- No buy/sell signals. It is a risk-awareness overlay.
- Non-repainting: every value is a function of confirmed bars.
Open-source and MIT licensed.
Disclaimer: impersonal educational and analytics tool. This is not investment advice, not a personalised recommendation, and carries no performance guarantee. Past results do not predict future results. You are solely responsible for your own trading decisions.
What it shows
- Running peak over the lookback
- Current drawdown from peak, in percent
- Maximum drawdown observed, with warning/critical shading
Honest by design
- No buy/sell signals. It is a risk-awareness overlay.
- Non-repainting: every value is a function of confirmed bars.
Open-source and MIT licensed.
Disclaimer: impersonal educational and analytics tool. This is not investment advice, not a personalised recommendation, and carries no performance guarantee. Past results do not predict future results. You are solely responsible for your own trading decisions.
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.
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.
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.