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Drawdown Recovery
NewFreeBuys measured pullbacks in an uptrend once they recover
Favourites and Admin's Choice analyses are listed in the terminal's indicators window under Analysis Marketplace.
- Language
- QuaScript
- Engine
- Native C++, incremental on live ticks
- Rendering
- Canvas
- Placement
- Price overlay
- Settings
- 5
- Plots
- 2
- Lines of code
- 45
- Source
- presets/strategy/drawdown_recovery.qs
About
Buys measured pullbacks inside a long-term uptrend and only once the pullback shows it is over. The drawdown from the rolling high is measured in ATR units; a pullback of at least the minimum depth, with price still above the long-term average, is bought when price reclaims the prior bar's high. The trade aims for a retest of the high that started the pullback. Entry: drawdown between the minimum and maximum depth, close above the slow EMA, close above the previous high. Exit: target at the pullback's starting high, stop below the pullback low, time stop. Long only. Risk: 1 % per trade.
What it draws
Price overlay · counted from the engine's plot table and the script's draw calls
Series
- Line2Rolling highTrend EMA
Signal marks
Drawings and chart effects
- Dashboard tables1 created
How it runs
From source to the live chart, for this script
- 1Compile
The QuaScript compiler checks the 45-line script (37 lines of code) and lowers it for the native C++ engine. Compile errors point at the exact line and column.
- 2Place
The header sets
overlay = true, so everything is drawn on the price chart, on the same scale as the candles. - 3Compute
The script runs once per bar, oldest to newest. 1
persistvariable keeps state (objects, counters) across bars. - 4Stay live
On the terminal the script keeps one live engine session: a tick rolls the forming bar back to its checkpoint and re-executes only that bar, and new bars are appended, so history is never rerun while the market moves. The live result is identical to a full run.
- 5Render
The results are handed to the chart: series on Canvas.
- 6Tune
5 settings in 3 groups appear in the chart's settings dialog. Changing one reruns the engine with the new value.
Rendering
This script draws on Canvas
The browser's modern GPU API. The chart uploads every line, band and mark of the script as GPU buffers and draws them in one pass, so dense heatmaps and dozens of series stay smooth while you pan and zoom. Without WebGPU support the chart's GPU layer falls back to WebGL 2, then Canvas 2D.
GPU drawing through WebGL 2, available in every current browser. Used for chart-native profiles and for series that ask for it with backend = "webgl". Fast for large numbers of bars and wide fills.
The browser's 2D drawing API. Text-heavy and object-style output (dashboard tables, zones, tags, segments), candle colors and backgrounds are painted by the QuaScript layer, a Canvas 2D surface over the chart. Series use Canvas when the script's header does not ask for a GPU.
- • 2 plotted series
- • 1 signal mark type
- • 1 dashboard tables (QuaScript layer)
Settings
5 settings, grouped as in the chart's settings dialog
| Setting | Type | Default | Range / options | Id |
|---|---|---|---|---|
| High lookback | Integer | 60 | 10 – 1000 | high_lookback |
| Minimum depth (ATR) | Number | 3 | 0.5 – 20, step 0.5 | minimum_depth_atr |
| Maximum depth (ATR) | Number | 10 | 1 – 40, step 0.5 | maximum_depth_atr |
| Setting | Type | Default | Range / options | Id |
|---|---|---|---|---|
| Trend EMA | Integer | 200 | 20 – 2000 | trend_ema |
| Setting | Type | Default | Range / options | Id |
|---|---|---|---|---|
| Maximum bars held | Integer | 80 | 2 – 1000 | maximum_bars_held |
Script
packages/quascript/presets/strategy/drawdown_recovery.qs
Header
strategy "Drawdown Recovery" {
overlay = true
capital = 100000
commission = 0.05
slippage = 1
sizing = risk_percent
max_leverage = 1
size = 1
pyramiding = 1
}- Total lines
- 45
- Code lines
- 37
- Comment lines
- 7
- Helper functions
- 0
- Loops
- 0
- Persistent variables
- 1
- Higher-interval feeds
- 0
- Engine plots
- 2
Built with
ta.atrta.emata.highestta.lowestmath.maxviz/premium
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