![]() I added the iteration number just for fun. Input : an array of floats of arbitrary size (the values we want the DD of) There a 2 functions : "maximum_relative_drawdown" and "maximum_dradown" (and "optimized_maximum_relative_drawdown" and "optimized_maximum_drawdown") with names speaking for themselves. Avg Losing Trade Percent Profitable (of trades) Max. In the example we calculate the maxDDs of the last 10 close values. Backtesting a trading strategy in Tradingview is straightforward, but it does require. ![]() The ATR indicator calculates the average movement over the last number of specified. These two values will be used to highlight the areas that match the users strategy criteria. We can use the Average True Range (ATR) to calculate the levels for these. It uses the ratio between those values and two thresholds provided by the user: top and bottom. There are 2 algorithms to calculate maxDD and relative maxDD%, one non optimized needs n*(n - 1)/2 comparisons for a collection of n datas, the other one only needs n-1 comparisons. This indicator uses drawdown and max drawdown to determine good areas to enter or exit the market. I didn't find any builtin pinescript way to do it, so here it is. I needed a way to calculate the maxDD% of a serie of datas from an array (the different values of my balance account). This is normally calculated by getting the difference between a relative peak in. ![]() This drawdown graph is very interesting and this is the axis on which we measure the drawdown. A drawdown is the reduction of ones capital after a series of losing trades. math.max () returns one of two possible values: An integer or float value with the largest value from the provided arguments. Let us take a look at the drawdown graph here. tool for calculate drawdown and run-up from order open and close (symbol.mintick) - Tool is for the convenience of use, users should bear all risks for their investment decisions. ![]() When I tested math.max (), I could give the function 75 different values and still get fast script execution without any errors. Maximum Drawdown and Maximum Relative Drawdown% calculating functions. Help with getting the Bar Index of the Max Drawdown I am trying to get the bar index of the max drawdown for every trade and couldnt figure it out. TradingView doesn’t specify what the maximum number of arguments are. ![]()
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