OPEN-SOURCE SCRIPT

Correction Territory

Updated

A simple indicator showing how much percentage has been corrected since a recent highest high.

You can set 3 horizontal line to compare with past correction rates.

直近の最高値からの調整率を表示するインジケーターです。
過去の調整規模との比較のため、3本の水平線も設定可能です。

Release Notes

Enabled to select source from low and close to calculate correction rate.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

FX365_Thailand

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