FastScript vs. Pine Script vs. VBScript vs. statsmodels Comparison Chart

Pine Script® is TradingView’s programming language. It allows traders to create their own trading tools and run them on our servers. We designed Pine Script® as a lightweight, yet powerful, language for developing indicators and strategies that you can then backtest. Most of TradingView’s built-in indicators are written in Pine Script®, and our thriving community of Pine Script® programmers has published more than 100,000 community scripts. It’s our explicit goal to keep Pine Script® accessible and easy to understand for the broadest possible audience. Pine Script® is cloud-based and therefore different from client-side programming languages. While we likely won’t develop Pine Script® into a full-fledged language, we do constantly improve it and are always happy to consider requests for new features. Because each script uses computational resources in the cloud, we must impose limits in order to share these resources fairly among our users.

statsmodels is a Python module that provides classes and functions for the estimation of many different statistical models, as well as for conducting statistical tests and statistical data exploration. An extensive list of result statistics is available for each estimator. The results are tested against existing statistical packages to ensure that they are correct. The package is released under the open-source Modified BSD (3-clause) license. statsmodels supports specifying models using R-style formulas and pandas DataFrames. Have a look at dir(results) to see available results. Attributes are described in results.__doc__ and results methods have their own docstrings. You can also use numpy arrays instead of formulas. The easiest way to install statsmodels is to install it as part of the Anaconda distribution, a cross-platform distribution for data analysis and scientific computing. This is the recommended installation method for most users.