Good timing for exiting your positions is essential for good trading strategies. There are a few ways to close/exit positions in Pine Script. In this article, I’ll show you examples of all of them. First of all, in Pine Script, we can create a strategy without separated exits. If we create a strategy with longs Few ways to close/exit positions in Pine Script Read More →
I published a new indicator on TradingView: High/Low Volume by QuantNomad on TradingView.com In this indicator, I show you a better way to define high/low values of volume (or any other indicator). Quite often, I get requests from my clients that an indicator level should be “high” or that it should be above a certain High/Low Volume Indicator Read More →
Arrays are an essential feature in programming languages, allowing for the storage and organization of data in a single variable. Arrays can be used to store multiple values of any data type, making them a powerful tool for storing and manipulating data in programming. In Pine Script, arrays can help you develop advanced indicators and Defining an array in Pine Script. Read More →
Depending on the type of your indicator, you might want to plot it on top of your price or in a separate pane. If your indicator has the same scale as your data, you might want it to display on top, for example, BB, SMA, or Ichimoku cloud. If the scale is completely different, you Displaying Pine Script indicator overlaying the price or in a separate chart. Read More →
String concatenation is the main string feature in any programming language. It allows multiple strings to be joined together to form one larger string. This is used in many programming languages to create more complicated strings. String concatenation can be used to combine strings of different lengths, as well as to concatenate strings of text and numerical data.
Arrays are pretty crucial for Pine Script. From the time of their release, it immediately became Pine’s essential feature. Some time ago, I published an article about how to loop through an array in Pine Script. But language evolves quite quickly, and there is already a much more convenient way to iterate through an array. How to loop/iterate through an array in Pine Script with a “for/in” statement Read More →
Sorting is an essential feature of arrays in programming, as it allows the user to organize data easily. In this article, I’ll show you how you can quickly sort arrays in Pine Script. First, let’s define an array we want to sort: The primary function to sort arrays in Pine Script is array.sort. You can Sorting an array in Pine Script Read More →
In this article, I’m showing how to work with days of the week in Pine Script and an example of a simple strategy built with only days of the week signals. To know the current day of the week, I’m using “dayofweek()” function. It outputs numbers from 1 to 7 depending on the day of the week. Be careful with the values, 1 is Sunday, and 7 is Saturday here.
Trading strategies can vary greatly when applied to long and short positions. So traders might want to use different parameters for both sides. Furthermore, traders may develop different strategies for managing risk when taking a long or short position. By understanding the differences in strategies for long and short sides, traders can make informed decisions Add a parameter to allow Pine Script Strategy to be long or short. Read More →
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