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Pinescript Basic Syntax Slides

The document discusses the basic syntax of Pine Script. It explains that a Pine Script file contains a version directive, annotations for studies or strategies, and statements. It differentiates between studies, which can plot information and create alerts but not run backtests, and strategies, which can run backtests and contain strategy calls but not create alerts. The document also covers formatting conventions like lines, indentation using four spaces, and single-line comments introduced with //.

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90 views

Pinescript Basic Syntax Slides

The document discusses the basic syntax of Pine Script. It explains that a Pine Script file contains a version directive, annotations for studies or strategies, and statements. It differentiates between studies, which can plot information and create alerts but not run backtests, and strategies, which can run backtests and contain strategy calls but not create alerts. The document also covers formatting conventions like lines, indentation using four spaces, and single-line comments introduced with //.

Uploaded by

mysmtpserver1331
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Basic Syntax

Overview
In this tutorial, we will explore the fundamental features of Pine Script. By the end of this section you will
learn:

● How a script is structured


● Versions
● The difference between a “study” and a “strategy”
● Lines & Indentation
● Comments
How a script is structured
● //@version=4
● A study or a strategy annotation call.
● A series of statements which implement
the script’s algorithm.
● A study must contain at least one
function/annotation call which produces
some output on the chart
● A strategy must contain at least one
strategy.* call, e.g., strategy.entry
Versions -- //@version=4

● There are currently four versions of the Pine Script Language.


● If you forget to include the //@version=N directive, the compiler will default to version 1.
● Pine Script Language versions are incompatible with each other.
● If you are modifying an existing script, make sure you are working with the same version
or you will run into problems.
● Most //@version=3 scripts can be modified with the click of a button.
Versions -- //@version=4
Study vs. Strategy

Study Strategy
● Can plot information on charts ● Can plot information on charts
● Contain calculations ● Contain calculations
● Cannot be used in backtesting ● Used to run backtests.
● Do Not contain strategy.* calls ● Contain strategy.* calls to generate buy and
● Can create and use alertcondition() sell orders
● Can create, but NOT use alertcondition()
Strategies cannot use
alerts!
Lines & Indentation

● There is no known limit for the length of one line.


● Empty lines have no effect on the compiler.
● Lines that are too long can be placed onto more than one
line.
● When using multiline statements, spacing and indentation
is very important.
● 4 spaces or 1 tab is the required amount for line wrapping.
Comments
● Pine Script supports single-line comments only.
● Anything after // is a comment. The only minor exception being the @version directive.
● ctrl+/ (Windows) or cmd+/ (Mac) are hot keys for commenting and uncommenting lines
● Comments have no effect on the script.
Comments
● Pine Script supports single-line comments only.
● Anything after // is a comment. The only minor exception being the @version directive.
● ctrl+/ (Windows) or cmd+/ (Mac) are hot keys for commenting and uncommenting lines
● Comments have no effect on the script.
● Versions
○ 4 different versions
○ Default is 1.
○ 4 is the newest.
Recap ○ Non Compatible
● The difference between a “study” and a
“strategy”
○ Strategies can run backtests
● How a script is structured. ○ Studies can use alerts
○ Version Directive ○ They both can plot and calculate
○ Study or Strategy ● Lines & Indentation
○ Statements ○ Lines can be as long as you want
○ Outputs ○ Spanning multiple lines is possible
with 4 spaces.
● Comments
○ Anything after // is a comment
○ Can’t be used in multline statements

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