Pine Script
TradingView’s programming language to create custom indicators and strategies.
Beginner-friendly explanation
Pine Script is a language that lets you create your own indicators on TradingView. Even without being a developer, you can modify or copy scripts to customize your trading.
Example: You can use a Pine script to automatically display support and resistance zones on your chart.
Intermediate-level insight
Pine Script allows full strategy coding: entries, exits, risk management, custom alerts. It provides an integrated backtesting environment to simulate strategy performance.
Example: A trader programs a moving average crossover strategy and tests its performance on one year of Bitcoin history.
Advanced perspective
Pine Script v5 offers advanced features: strategy optimization, multi-timeframe management, composite indicators integration, complex conditional alerts. It’s possible to build semi-algorithmic systems combining internal and external signals.
Example: A developer creates an indicator combining RSI, MACD, and volume into one strategy, with alerts only if multiple conditions are met across three different timeframes.
Tools & Automation
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