Coding an indicator in TradingView

Pine Script, the scripting language native to TradingView, allows users to construct their unique indicators and strategies. It operates on TradingView’s servers, meaning it doesn’t burden your machine’s resources beyond displaying data, and the scripts are stored on TradingView. Furthermore, TradingView offers access to over 100,000 community scripts.

As of the time of writing this book, Pine Script is in its fifth version, which will be the focus of our discussion. Importantly, with each new version, backward compatibility is maintained, enabling the running of older scripts. While I have updated some strategies from V3 to V4 and subsequently to V5, others remain in their V4 form.

However, it’s essential to clarify that this book will not delve deeply into Pine Script. My aim is to introduce you to Pine Script, show you how to modify existing scripts to create your own, and provide resources for further learning...