Underlying Max Drawdown
The current percentage decline of the asset's market price from the highest price observed by this indicator. Tracks the underlying price independently of position state.
Underlying Max Drawdown
Definition
The current percentage decline of the asset's market price from the highest price observed by this indicator. Tracks the underlying price independently of position state.
Parameters
Asset
Output range: 0 to 100 (percentage)
Example
`Underlying Max Drawdown(NVDA) >= 20` (true when the price is at least 20% below its observed peak)
Full indicator reference