Kotak
Stockshaala
Chapter 1 | 3 min read
What is Pine Scripts & Where It Fits in a Trader’s Toolkit
By now, you’ve explored indicators, alerts, strategies, screeners, and chart tools on TradingView. But what if you wanted to go beyond what’s already available?
What if you wanted to:
- Build your own indicator based on your logic?
- Test a strategy with your custom conditions?
- Automate alerts for complex setups?
That’s where Pine Scripts™ comes in.
What is Pine Scripts™?
Pine Scripts™ is TradingView’s own coding language, designed specifically for traders.
Unlike other programming languages like Python or C++, Pine Scripts™ is:
- Lightweight— built for simplicity and speed
- Easy to read— ideal for beginners in coding or trading
- Focused on building indicators, strategies, and alerts directly on charts
- Cloud based - all calculations run on TradingView’s servers, not your local computer
Even if you’ve never coded before, Pine Scripts™ is one of the easiest places to start.
What Can You Build with Pine Scripts™?
Create a custom indicator | Code it and plot it directly on your chart |
Backtest a trading strategy | Simulate trades on past data |
Set advanced alert logic | Combine conditions (e.g., RSI + price action) |
Modify an existing script | Edit open-source indicators you find online |
Automate repetitive analysis | Let the script scan the market for you |
Real-World Example
Let’s say:
You want to create an alert when:
- RSI is below 30
- AND the price is above the 50 EMA
- AND the volume is higher than the 10-day average
Most built-in tools won’t let you combine all that logic.
But with Pine Scripts™, you can write a few lines of code to define this condition, backtest it, and even set alerts based on it.
Where to Access Pine Scripts™ in TradingView
- Open any chart
- Click on “Pine Editor” (from the right toolbar panel)
- A coding window opens with a blank script or default template
- You can write your own logic or paste/edit existing Pine code
Once done, you can:
- Add it to your chart
- Run a strategy test
- Or save it as a custom indicator
Who Should Learn Pine Scripts™?
You don’t need to be a full-time developer. Pine Scripts™ is helpful if:
- You’re a trader who wants to test ideas faster
- You want to automate common setups you use daily
- You’re curious about custom strategies or sharing tools with others
To Sum Up
Pine Scripts™ is the bridge between your trading logic and the tools on TradingView. It gives you the power to build and test, all from the same platform.
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