The Percent Correction study shows how deep the current correction is in percentage terms from the high. It is designed for use on daily charts during intermediate term pullbacks. The study also has a bear mode that measures corrections up when the trend is down. To initialize the study, the user enters the start date if the current prevailing trend, select bull or bear mode, and the spacing of the percentage lines.

$97

Purchase the Percent Correction indicator for thinkorswim today.

Indicator Type

Tell A Friend