Features

ATH Drawdown Features

CandelaCharts — ATH Drawdown includes the following features to make cycle depth intuitive, configurable, and alert-ready across any asset and timeframe.

• True ATH drawdown%: 0% at ATH; negative values show distance under ATH.

• Price source switch: choose Close or High (wick-based ATH).

• Optional smoothing: EMA on drawdown% for cleaner cycle structure.

• Color-coded risk bands: green → yellow → orange → red → maroon as drawdown deepens.

• Milestone gridlines: quick guides at −20%, −40%, −60%, −80%.

• Inline readout: compact table shows the latest drawdown%.

• Built-in alert: notify when drawdown enters the −70% to −80% zone.