OPEN-SOURCE SCRIPT
EMA 52W 65-80% Down Shift
Shifted EMA 52W. Useful in identifying the low points of medium- and long-term trends on altcoins. EMA 52 W - Annual Trend A 65-75% downward shift relative to the current position potentially indicates deep drawdowns for most investor participants and can serve as an approximate zone for a medium-term rebound or trend reversal.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.