Quite often for your PineScript indicator or strategy, you need tick size. Of course, you can add it explicitly in your code. But this won’t work for all instruments and you’ll have to change the code for all instruments with different tick values.
Fortunately, there is a universal way to get tick value in PineScript that will allow your scripts to work for all instruments in TradingView. For that, you can use: syminfo.mintick built-in variable.
Here is a small script you can use to see tick size for the current symbol in Tradingview:
//@version=4
study("Get Min Tick")
l = label.new(bar_index, 1, "Min Tick: " + tostring(syminfo.mintick))
label.delete(l[1])
Real example of how it can be used in PineScript you can view in standard Pivot Reversal Strategy:
//@version=4
strategy("Pivot Reversal Strategy", overlay=true)
leftBars = input(4)
rightBars = input(2)
swh = pivothigh(leftBars, rightBars)
swl = pivotlow(leftBars, rightBars)
hprice = 0.0
lprice = 0.0
hprice := not na(swh) ? swh : hprice[1]
lprice := not na(swl) ? swl : lprice[1]
le = false
se = false
le := not na(swh) ? true : (le[1] and high > hprice ? false : le[1])
se := not na(swl) ? true : (se[1] and low < lprice ? false : se[1])
if (le)
strategy.entry("PivRevLE", strategy.long, comment="PivRevLE", stop=hprice + syminfo.mintick)
if (se)
strategy.entry("PivRevSE", strategy.short, comment="PivRevSE", stop=lprice - syminfo.mintick)
Here we adjust levels by 1 tick for stop orders.
Follow me on TradingView and YouTube.
