TradingView | Pine Script Coder 👨‍💻-Pine Script Development Tool

Example

Developing a Moving Average Crossover strategy that opens a trade when a short-term moving average crosses above a long-term moving average.

Scenario

A user seeks to automate their trading strategy based on moving average crossovers. The assistant provides guidance on scripting this strategy in Pine Script, including the use of `ta.sma` or `ta.ema` functions, entry and exit conditions, and plotting signals on the chart.

Example

Creating a custom RSI divergence indicator that highlights potential reversals by comparing price action with RSI movements.

Scenario

A user wants to identify divergences between price and the RSI indicator as potential trade entries or exits. The assistant helps code a Pine Script indicator that calculates RSI values, identifies divergences, and plots visual cues on the trading chart.

Example

Backtesting a Bollinger Bands breakout strategy to quantify its historical performance.

Scenario

A user wishes to evaluate the effectiveness of a breakout strategy based on Bollinger Bands. The assistant aids in scripting the strategy, including the logic for opening and closing trades based on Bollinger Band levels, and using the `strategy` function to backtest its performance across historical data.

Example

Setting up alerts based on specific conditions, like price hitting a key Fibonacci retracement level.

Scenario

A user needs to be notified when the price reaches certain Fibonacci retracement levels for timely decision-making. The assistant provides instruction on writing a script that calculates these levels, checks for price interactions, and triggers configurable alerts on the TradingView platform.