OPEN-SOURCE SCRIPT
Moving Gain Loss Percent
Tracks the percentage gain/loss in three ranges:
* single candle (can be turned on or off)
* custom range of candles
* custom range of candles
For example, with a range of 3 candles, and the serie:
*1 - close 10
*2 - close 5
*3 - close 20
The moving gain would be:
*1 - close 10 - gain 10, infinite%
*2 - close 5 - gain 5, infinite%
*3 - close 18 - gain 8, 80%
Or, for example if the range is 12 candles on a monthly chart, then the result is the Year-To-Date gain/loss plotted as a percentage.
* single candle (can be turned on or off)
* custom range of candles
* custom range of candles
For example, with a range of 3 candles, and the serie:
*1 - close 10
*2 - close 5
*3 - close 20
The moving gain would be:
*1 - close 10 - gain 10, infinite%
*2 - close 5 - gain 5, infinite%
*3 - close 18 - gain 8, 80%
Or, for example if the range is 12 candles on a monthly chart, then the result is the Year-To-Date gain/loss plotted as a percentage.
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.
Disclaimer
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