Boolean Input

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Goals

• This Pine Script indicator allows the user to choose between two colors (color.green or color.red) based on a boolean input (value).

• The default color is color.green when the boolean input (value) is true, and color.red when it's false.

• The script then plots the closing price (close) using the selected color on the chart.

Pine Script Code

//@version = 5
indicator("Input Boolean")

value = input.bool(defval = true, title = "Change Color: Yes/No")

myColor = if(value == true)
	color.green
else
	color.red

plot(close, color = myColor)

Code Output

Explanation

//@version = 5

• Specifies that the script is written in Pine Script version 5.

indicator("Input Boolean")

• Defines the script as an indicator with the name "Input Boolean". This name will be displayed on the chart.

value = input.bool(defval = true, title = "Change Color: Yes/No")

• Creates a boolean input variable named value.

• defval = true: Sets the default value of value to true.

• title = "Change Color: Yes/No": Specifies the label for the input field, prompting the user to choose "Yes" or "No".

myColor = if(value == true) color.green else color.red

• This block assigns a color based on the boolean value.

• If value is true, myColor is set to color.green.

• If value is false, myColor is set to color.red.

plot(close, color = myColor)

• Plots the closing price (close) on the chart.

• color = myColor: Specifies the color of the plot, which is determined by the myColor variable based on the boolean input value.

Keywords

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