This chart shows the days since price is down a given percentage. The reference point against which the percentage drawdown is measured is displayed on the chart with yellow dots. This reference point is determined by the highest price since the most recent percentage decline of the specified decline amount occurred.
You can customize the percentage decline amount in the options above the chart. The moving average for this chart gets applied to the price instead of the metric. For example, selecting a 7D SMA and 30% decline shows the amount of days since the 7D SMA of the price has declined 30%.
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Disclaimer: The information presented within this video is NOT financial advice.
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