Which indicator could help me check the maximum drawdown of any desired period ?

<p>The time-weighted drawdown indicator takes into account the length of time an investment has been in drawdown. It calculates the maximum drawdown over a specific period, which provides a more accurate representation of an investment's performance. This indicator is useful for long-term investors who are interested in the overall performance of their portfolios.<br></p>

<p id="isPasted">There is no single built-in indicator on most platforms that allows you to simply input a time frame to calculate the maximum drawdown (MDD). However, you can use specialized or custom-coded indicators available on platforms like TradingView that calculate MDD for a "rolling period" or from a "custom start date".&nbsp;</p><p><strong>Custom or specialized indicators</strong></p><p>On charting platforms like TradingView, you can find and use indicators that calculate the MDD over a specific, user-defined lookback period.</p><ol><li>Rolling Period Maximum Drawdown: This type of indicator continuously calculates the maximum drawdown over a rolling time window (e.g., 50, 100, or 200 bars). The window is adjustable, allowing you to check the MDD for any desired period. These are sometimes called "Drawdown over Window" indicators.</li><li>Drawdown Visualisation with Custom Date Settings: Some indicators, like the Blockunity Drawdown Visualizer (BDV) on TradingView, allow you to set a custom start date for the calculation. This gives you full control over the analysis period.</li><li>Risk Radar Pro: This comprehensive indicator suite includes a Maximum Drawdown metric calculated from a user-defined start date. </li></ol><p><strong>How to calculate MDD manually</strong></p><p>If a custom indicator isn't available, you can calculate the maximum drawdown for any period by following these steps:&nbsp;</p><ol><li>Identify the time frame: Define your desired period, for example, 2020 to 2022.</li><li>Find the peak value: Locate the highest price or equity value during that specific period.</li><li>Find the trough value: Find the lowest price or equity value that occurred after the peak but before a new peak was reached.</li><li>Apply the formula: Use the following formula to calculate the MDD:&nbsp;<br></li></ol><p id="isPasted">MDD=[{(Trough Value−Peak Value)}/Peak Value]×100</p>