YCGH ATH Drawdown

13 พ.ย.

How the Indicator Measures Drawdown from ATH
The indicator continuously tracks and calculates the percentage decline from the all-time high (ATH) using a systematic approach.​

ATH Tracking Mechanism
Dynamic ATH Calculation: The script maintains a persistent variable that stores the highest price ever reached. On each bar, it compares the current high with the stored ATH using ath := math.max(ath, high), updating the ATH whenever a new peak is reached.

13 พ.ย.

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Updated close with Low for drawdown calculations

23 พ.ย.

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V1.1
Updated drawdown logic