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
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.