All-Time High/Low Fibonacci Retracement (with Flip)Tired of manually dragging the Fibonacci tool across macro charts every time an asset makes a new high or low? This indicator automates the entire process. It scans the absolute historical data of any asset to identify its true All-Time High (ATH) and All-Time Low (ATL), then dynamically projects standard Fibonacci retracement levels between them.
Whether you are analyzing a stock's decades-long macro cycle or looking for major historical support and resistance levels, this script keeps your charts perfectly anchored without the manual clutter.
Key Features
100% Automated Tracking: Uses historical state variables (var) to lock onto the ultimate lowest and highest prices ever printed on your current chart.
Real-Time Dynamic Updates: If the asset breaks out into price discovery (new ATH) or capitulates to a new bottom (new ATL), the script recalculates and shifts all Fibonacci lines instantly.
One-Click Flip Toggle: Built-in calculation flip. Measure retracements from the top down (bearish retracement) or flip it from the bottom up (bullish expansion) right from the settings menu.
Clean Visuals: Hard-coded with classic Fibonacci ratios (23.6%, 38.2%, 50.0%, 61.8%, 78.6%) using a subtle, non-intrusive color gradient that won't crowd your daily price action.
How to Use the Settings
Flip Retracement (Checkbox): * Unchecked (Default): Places 0% at the All-Time High and 100% at the All-Time Low (Ideal for finding support levels during a pullback from macro highs).
Checked: Places 0% at the All-Time Low and 100% at the All-Time High (Ideal for tracking major resistance levels and targets on the way back up).
💡 Pro-Tip: Because PulseWire loads a limited number of historical bars on lower timeframes (like 5-minute or 15-minute charts), always load this indicator on a Daily (D), Weekly (W), or Monthly (M) chart first. This ensures the script catches the true historical inception highs and lows of the asset! Indicator
ATH Drawdown Indicator by Atilla YurtsevenThe ATH (All-Time High) Drawdown Indicator, developed by Atilla Yurtseven, is an essential tool for traders and investors who seek to understand the current price position in relation to historical peaks. This indicator is especially useful in volatile markets like cryptocurrencies and stocks, offering insights into potential buy or sell opportunities based on historical price action.
This indicator is suitable for long-term investors. It shows the average value loss of a price. However, it's important to remember that this indicator only displays statistics based on past price movements. The price of a stock can remain cheap for many years.
1. Utility of the Indicator:
The ATH Drawdown Indicator provides a clear view of how far the current price is from its all-time high. This is particularly beneficial in assessing the magnitude of a pullback or retracement from peak levels. By understanding these levels, traders can gauge market sentiment and make informed decisions about entry and exit points.
2. Risk Management:
This indicator aids in risk management by highlighting significant drawdowns from the ATH. Traders can use this information to adjust their position sizes or set stop-loss orders more effectively. For instance, entering trades when the price is significantly below the ATH could indicate a higher potential for recovery, while a minimal drawdown from the ATH may suggest caution due to potential overvaluation.
3. Indicator Functionality:
The indicator calculates the percentage drawdown from the ATH for each trading period. It can display this data either as a line graph or overlaid on candles, based on user preference. Horizontal lines at -25%, -50%, -75%, and -100% drawdown levels offer quick visual cues for significant price levels. The color-coding of candles further aids in visualizing bullish or bearish trends in the context of ATH drawdowns.
4. ATH Level Indicator (0 Level):
A unique feature of this indicator is the 0 level, which signifies that the price is currently at its all-time high. This level is a critical reference point for understanding the market's peak performance.
5. Mean Line Indicator:
Additionally, this indicator includes a 'Mean Line', representing the average percentage drawdown from the ATH. This average is calculated over more than a thousand past bars, leveraging the law of large numbers to provide a reliable mean value. This mean line is instrumental in understanding the typical market behavior in relation to the ATH.
Disclaimer:
Please note that this ATH Drawdown Indicator by Atilla Yurtseven is provided as an open-source tool for educational purposes only. It should not be construed as investment advice. Users should conduct their own research and consult a financial advisor before making any investment decisions. The creator of this indicator bears no responsibility for any trading losses incurred using this tool.
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