Untitled

//@version=5
indicator("60% Drop from All-Time High", overlay=true)

// Input for the minimum percentage drop
inputMinDropPercent = input.int(60, title="Minimum % Drop")

// Calculate the all-time high of the selected symbol
var float allTimeHigh = na
if (bar_index == 0)
    allTimeHigh := high
else
    allTimeHigh := math.max(high, allTimeHigh[1])

// Calculate the current price
currentPrice = close

// Calculate the percentage drop from all-time high
percentDrop = ((allTimeHigh - currentPrice) / allTimeHigh) * 100

// Plot condition when the drop is greater than or equal to the input percentage
plotshape(series=percentDrop >= inputMinDropPercent, title="60% Drop", location=location.belowbar, color=color.red, style=shape.labeldown, text="60% Drop")

// Optional: plot the all-time high for reference
plot(allTimeHigh, title="All-Time High", color=color.blue)