Drawdown % (with SMA)
This script, titled "Drawdown % (with SMA)" and designed for Pine Script version 5
offers a sophisticated tool for traders to monitor drawdown percentages, a crucial metric in assessing investment risks. The script calculates the drawdown as the percentage decrease from the all-time high value of the selected financial instrument.
offers a sophisticated tool for traders to monitor drawdown percentages, a crucial metric in assessing investment risks. The script calculates the drawdown as the percentage decrease from the all-time high value of the selected financial instrument.