Indicator Overview

The indicator calculates the percentage of all previous trading days where the price was lower than the current price. In simple terms, it measures the proportion of time that a HODLer (long-term holder) would have been profitable if they had purchased the asset on a random day in the past.

A high percentage (green) means that almost all past buyers are currently in profit, while a low percentage (red/yellow) means many recent buyers are now "underwater" (in a loss).

Dual-Ticker Comparison Logic

The Ticker fields allow you to transition from absolute price analysis to relative strength analysis:

• Single Stock Analysis: If Ticker 2 is left blank, the indicator defaults to measuring Ticker 1against US Dollars. This allows you to analyse the asset's individual performance.

• Pair Trading & Ratios: Enter a symbol in both fields (e.g. NVDA vs. TSLA) to analyse the relationship between the two. The indicator automatically calculates the ratio (Ticker 1 / Ticker 2), helping you identify when one asset is becoming "expensive" or "cheap" relative to its peer, independent of broader market direction.

How To Use

The Positive HODL Days percentage is an effective tool for identifying the risk/reward profile of the market based on investor sentiment. Readings above 90% signal a high-risk environment preceding major cycle tops, as high profitability often leads to increased selling pressure and profit-taking. Conversely, low readings often signal low-risk accumulation zones and market bottoms, as conviction sellers have been flushed out after heavy losses.