Zen Trading Tech

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• Here is a free All Time High and Pullback Indicator for TradingView
• This one is quite useful for higher time frame and investing.
• Code is open-source so you can adjust yourself 🙂

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Technical Details

This indicator plots horizontal drawdown levels projected into the right-hand margin. It calculates percentage drops from a selected anchor point (ATH or Current Price) to identify key price levels.

Technical Features

• Dynamic ATH Tracking: Automatically calculates the highest high in the chart’s history without lookback limitations.
• Non-Invasive Plotting: Uses right-extended lines and labels to keep the price action history unobstructed.
• Performance Optimized: Only renders on the most recent bar to ensure zero impact on chart loading speeds.

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Custom Options Explained

1. Reference (refMode)

• Option 1 (ATH): Sets the anchor to the highest high ever recorded on the chart. All percentage bands are calculated as drops from this peak.
• Option 0 (Last Price): Sets the anchor to the current closing price. Useful for visualizing potential downside risk from the current market value.

2. Right Offset (bars)

• Purpose: Sets the horizontal distance between the current candle and the level labels.
• Usage: Increase this value (e.g., 50 or 100). If you use a wide chart layout or decrease it if you prefer labels closer to the price action.

3. Percentage Band Toggles

• Included Tiers: 2.5%, 5%, 10%, 15%, 20%, 25%, and 30%.
• Function: Each level can be individually enabled or disabled via checkboxes.

4. Color Inputs

• Customization: Each band has a dedicated color picker. This allows for high-contrast visibility regardless of whether you use a light or dark chart theme.

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Indicator Inputs Table

Input Label	Default Value	Function
Reference	1 (ATH)	Toggle between All-Time High or Current Close as the calculation base.
Right Offset	30	Moves text labels X bars into the future margin.
Show [X]%	Enabled	Boolean toggle to show or hide specific percentage lines.
[X]% Color	Varies	Defines the color for the specific line and label.

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Post on using with the cash index coming soon!

Thanks

Tim F