PROTECTED SOURCE SCRIPT
PSP ETF 20% Drop Buy
Script Description
Overview
The PSP ETF 20% Drop Buy indicator is a specialized tool designed for long-term ETF investors. It identifies significant price drops (drawdowns) relative to the previous day's closing price, signaling potential "buy-the-dip" opportunities for those following a disciplined accumulation strategy.
Key Features
Customizable Drop Threshold: Defaulted to 20%, but can be adjusted in the settings to capture smaller or larger swings (e.g., 5%, 10%, or 30%).
Visual Signals: Automatically plots a green "BUY" label on the chart when the current low hits the specified percentage drop from the previous day's close.
Dashboard Table: Displays a clean on-chart table showing strategy parameters, including timeframes and specific rules for "Silver" and "Gold" entry levels.
Built-in Alerts: Includes an alert condition to notify you instantly when the drop criteria are met, so you don't have to stare at the screen.
How to Use
Apply to Daily Chart: This script is optimized for the daily (D) timeframe.
Settings: Adjust the Drop % based on the volatility of the specific ETF or instrument you are trading.
Strategy: Use the "Gold" and "Silver" guidelines in the info table to manage position sizing—buying more aggressively as the asset hits deeper discount levels.
Overview
The PSP ETF 20% Drop Buy indicator is a specialized tool designed for long-term ETF investors. It identifies significant price drops (drawdowns) relative to the previous day's closing price, signaling potential "buy-the-dip" opportunities for those following a disciplined accumulation strategy.
Key Features
Customizable Drop Threshold: Defaulted to 20%, but can be adjusted in the settings to capture smaller or larger swings (e.g., 5%, 10%, or 30%).
Visual Signals: Automatically plots a green "BUY" label on the chart when the current low hits the specified percentage drop from the previous day's close.
Dashboard Table: Displays a clean on-chart table showing strategy parameters, including timeframes and specific rules for "Silver" and "Gold" entry levels.
Built-in Alerts: Includes an alert condition to notify you instantly when the drop criteria are met, so you don't have to stare at the screen.
How to Use
Apply to Daily Chart: This script is optimized for the daily (D) timeframe.
Settings: Adjust the Drop % based on the volatility of the specific ETF or instrument you are trading.
Strategy: Use the "Gold" and "Silver" guidelines in the info table to manage position sizing—buying more aggressively as the asset hits deeper discount levels.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.