Our world is becoming increasingly automated. Completely self-driving cars are only years away and smart home robots are already here. The same can be said of trading – an extremely competitive industry. One way to stay ahead of the competition is by acquiring and leveraging specialized skills.
PineScript is an exclusive programming language created by TradingView to backtest trading strategies and write custom indicators that could be used in technical analysis. Pine Script is one of the best charting tools and is used very widely globally. Among other things, it allows traders to save time in backtesting and analysis, avoid missed opportunities, enhance their edge over the markets, and remain competitive on the cutting edge of trading.
One key thing about Pine Script is that it is quite easy to learn with a syntax that resembles written English. It is also extremely quick to code in and compiles very fast to plot charts that allow you to analyze price data much faster, easier, and more efficiently.
You can write Pine scripts that do any of the following:
- Draw charts – plot your analysis information onto your chart for fast and easy order execution.
- Backtest strategy ideas – automatic backtesting over dozens of markets and leveraging countless trades and decades’ worth of price data across multiple timeframes. This is instrumental to help you identify and optimize potential profitability.
- Trigger alerts – stay on top of the markets at all times by creating custom alerts that bring your attention to important developments.
- Manage trading positions – automatically manage trading positions through 3rd party services and APIs.
- Modify existing indicators – adjust your existing indicators to suit your trading style or technical analysis preferences.
- Backtesting aids and tools – create Pine Scripts that simplify and speed up the manual backtesting process.
With over 10 million users on TradingVIew, Pine Script has grown to become a popular tool among traders. This demand has naturally resulted in more beginners and advanced programmers who need more resources to master this invaluable trading tool. I often receive emails from traders who want to learn new features or simply make better sense out of the scripts they are already working with. So I decided to put together a list of the most common questions (FAQs) about Pine Script.
Explore FAQs and help content on how to work with TradingView (indicators, charts, 3rd party data, and more).
- My PineScript indicator doesn’t work as expected? Where can I get help?
- How to create a custom screener in TradingView?
- Using 3rd Party Data in TradingView
- – How to Export Data From TradingView Charts and Save It as a CSV File?
- – How To Apply Indicator on Indicator in TradingView?
- How to change the precision for an indicator in TradingView?
- – How to Export TradingView Backtesting Data From a Pro Account?
- – How to Export TradingView Backtesting Data With a Free Account?
Check out these guides to learn how to customize the TradingView user interface to suit your preferences.
- How to Change Color Theme in TradingView?
- How to add a watermark (symbol and timeframe) to the chart background in TradingView?
Quick guides and help content on PineScript (TradingView’s custom programming language developed for traders).
- Rounding Numbers in PineScript
- How to get tick size in PineScript?
- How to change bar colors in TradingView / Pine Script?
- – How to Add / Subtract Time in Pine Script?
- – How to Know if Your Current Bar is in a Certain Session
- How to Set Time Input Interactively From Chart in Pine Script
- How to set a price input interactively from the chart in Pine Script
Pine script strategies can send, change, and cancel buy/sell orders. They allow you to perform both backtesting and forward testing. Below are some common FAQs to help you make the most out of your strategies.
- – How to Display Monthly Returns for PineScript Strategies?
- How to insert backtesting range to PineScript strategies?
- – How to Enter/Exit Positions on Bar Close in PineScript Strategies.
Learn more about how to work with PineScript arrays to build custom datasets and expand your modeling capabilities.
Below are some common FAQs on how to work with PineScript’s plotting functions.
- How to Display Labels / Lines only for the last bar in PineScript?
- How to Plot Vertical Lines in Pine Script?
- How to Display Labels only at a specific time every day?
- How to Display Labels / Lines for the future bars in PineScript?
- How to plot a table in PineScript?
- – How to Plot an Indicator on Top of Price Chart With Separate Scale?
Dealing with errors is an integral part of perfecting your PineScript-enabled automated trading. Here are some of the most common PineScript errors you are likely to experience.
- The script must have one study() or strategy() function call – how to fix it?
- ‘expression’ argument of security function should have no side effects. – how to fix it?
- “Cannot use a mutable variable as an argument of the security function.” – how to fix it?
- “Syntax error at input ‘end of line without line continuation’.” – how to fix it?
- – How to Fix Pine Script Study Error “Too Many Drawings, Cannot Clean Oldest”
- – “The
transpargument will be deprecated soon” – how to fix it?
- Value with NA type cannot be assigned to a variable that was defined without type keyword.” – how to fix?
- – The function ‘XXXX’ should be called on each calculation for consistency. It is recommended to extract the call from this