Step 1: Introduction to Pine Script

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Overview of Pine Script

Pine Script is a domain-specific language for creating custom technical analysis tools on TradingView. It allows you to create your own indicators and strategies to visualize market data and backtest trading strategies.

Setting Up

  1. Create a TradingView Account: Go to TradingView and sign up for a free account.

  2. Navigate to Pine Editor: Once logged in, open a chart and find the Pine Editor at the bottom of the screen.

Your First Script

Let's start with a simple example that plots the closing prices of a stock.

//@version=5
indicator("My First Script", overlay=true)
plot(close, title="Close Price", color=color.blue)

  • //@version=5: Specifies that we are using Pine Script version 5.

  • indicator: Defines the script as an indicator with a title "My First Script".

  • plot: Plots the closing prices on the chart in blue.

First Script

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