PineConnector PineScript 101

// Let's get started!

• Version 5 is the latest PineScript version, and we recommend that you use that
• Accordingly, you should be referring to the Version 5 of the PineScript Manual.

When you open your Pine Editor, you should see the Version number at the top few rows.

If your script is on Version 3,
you may convert it easily by clicking the ellipsis (⋯) followed by "convert to v4".

If your script is on Version 4,
you may convert it easily by clicking the ellipsis (⋯) followed by "convert to v5".

• Any text that starts with "//" is a comment
• Comments will not run and are are used for documentation.
• Remember to document frequently so you can refer back at a later point and understand what you've coded.

//Welcome to my script 
StopLoss = 10 // Crafting standardized 10 pips SL for my strategy

• Identifiers are used for your variables and functions.
• Identifiers cannot begin with a number and are case-sensitive.

//@version=5
indicator('PineConnector Identifiers')

IAmAnIdentifier = 25 //having an identifier with a constant value of 25
//plot(IAmAnIdentifier) //since plot commented, PineScript will not execute it

FastPeriod = 20 //storing fast MA parameter
SlowPeriod = 50 //storing slow MA parameter

FastEMA = ta.ema(close, FastPeriod) //creating and storing the fast EMA in FastEMA 
SlowEMA = ta.ema(close, SlowPeriod) //creating and storing the slow EMA in SlowEMA 

plot(FastEMA, color=color.new(color.green, 0)) //plotting the fast MA in green
plot(SlowEMA, color=color.new(color.red, 0)) //plotting the slow MA in red

• Strategy scripts are used for backtesting.
• This means Strategy Codes can be used to simulate buy and sell orders.

//@version=5
strategy('My Strategy', overlay=true)

longCondition = ta.crossover(ta.sma(close, 14), ta.sma(close, 28))
if longCondition
 strategy.entry('My Long Entry Id', strategy.long)

• Study are for normal script calculations but cannot be used for backtesting.
  Without the simulation of orders, less resources are used and will run faster.
  Use this, unless backtesting.

//@version=5
indicator('My Script')
plot(close)

• Set overlay=true if you want the plots to be on your main chart
• Set overlay=false if you want the plots to be at a separate panel

//@version=5
indicator("PineConnector Super RSI", overlay=true)  //add plot to main chart
SuperRSI = rsi(close,9)				    //creating Super RSI with 9 period close data
plot(SuperRSI) 					    //plot SuperRSI

//@version=5
indicator("PineConnector Super RSI", overlay=false) //add plot to a different panel
SuperRSI = rsi(close,9)				    //creating Super RSI with 9 period close data
plot(SuperRSI) 					    //plot SuperRSI