The 10/20 MA Heikin-Ashi Strategy is the best I know. It's easy, it's elegant, it's effective.
It's particularly effective in markets that trend on the daily. You may lose some money when markets are choppy, but your loss will be more than compensated when you're aboard during the big moves at the beginning of a trend or after retraces. There's that, and you...
This script show:
1. All time high/low line shown in maroon color
2. 52weeks high/low line shown in red color
3. 25% below 52wh and 30% upper 52wl as per Mark Minervini suggset in his book "Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any
Thats all, hope benefit tou you all.
This indicator shows us the distance (in %) between the current price and the ATH price.
The closer the price is to the ATH the higher the percentage.
100% means we reached the ATH price.
HOW TO USE:
No special input necessary.
It can be used to all markets.
Some Exchanges don't go very far back in the past and for this reason this may have...
Unlike other scripts, which compare against the all time high, this allows you to specify the window over which the high should be searched.
If you want to compare against the all time high, just choose a long enough window.
Simple study to show the fact to some newbies in the market that it is VERY HARD to make a profit and get your portfolio back to all-time high if you don't know how to stop loss...
Some people think "Oh, ez if you down -90% you need only +90% to get 100% of your capital again"
But... actually....if your portfolio down -90% you need to go 1000% from current price...