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    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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    26607428-Pinescript-Basic-Syntax-Slides

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    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 //.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    6 views12 pages

    Pinescript Basic Syntax Slides

    Uploaded by

    mysmtpserver1331
    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 //.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 12

    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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