Option Position Max Drawdown
Peak-to-current drawdown of the aggregated P&L percentage across option spreads matching the filter. Stateful sibling of Option Position P&L%: while P&L% returns the current value, this indicator tracks the highest P&L% observed and returns how far the position has fallen from that peak. Resets when no matching spreads remain so a fresh entry starts from a clean peak.
Option Position Max Drawdown
Definition
Peak-to-current drawdown of the aggregated P&L percentage across option spreads matching the filter. Stateful sibling of Option Position P&L%: while P&L% returns the current value, this indicator tracks the highest P&L% observed and returns how far the position has fallen from that peak. Resets when no matching spreads remain so a fresh entry starts from a clean peak.
Parameters
Underlying (optional), Option Type (optional), Direction (optional), Spread Type (optional)
Output range: >= 0 (percentage points of P&L)
Example
`Option Position Max Drawdown(AVGO) > 25` (aggregate option P&L is more than 25 percentage points below its observed peak)
Full indicator reference