Need coder for Trend Drawdown Indicator

Hi guys. I would like to ask if there is any coder who can help me coding this Trend Drawdown indicator. It goes something like this.

Its parameter is period (default=200)

What this indicator do is calculate how much Trend Drawdown in given period of candle.

Default 200; mean the indicator will look back 200 bar. First it will decide what the trend is uptrend or downtrend by looking at close price at bar 1 and bar 200. If bar 1 > bar 200; downtrend. If bar 1 < bar 200; uptrend.

Then it will calculate the max drawdown/the deepest move against the trend in that 200 bar period based on the defined trend.

The indicator will print the
-The value of max drawdown in pip
-The percentage drawdown = max drawdown/(highest price in given period - lowest price in given period)
-Its show in form of histogram or line both this 2 value.

Perhaps this ebook will explain what i had in mind better. Page 16-17



I'm one of subscriber of ForexTrendy services and its help me calculate this trend drawdown. However I use renko chart to trade. I'm thinking to use this indicator on renko chart instead on candlestick chart.

Thanks in advance and pardon for my bad english. Happy trading!

Hi there, did you ever find the drawdown indicator?

Hello,

How is the Trendy Services going for you so far?