Coding Indicator in Tradingview from Inspiration

15 Nov 2020

So today is rest and research Sunday and I wanted to share with folks how I go about creating new strategies and indicators. Hopefully this can teach traders to fish rather than giving them just the fish (of a buy/sell signal!)

I was inspired by watching a Youtube podcast Desiretotrade by Etienne Crane where I saw on his chart arrows indicating where price closed outside of a Bollinger Band followed by price closing back inside. This made me want to test such a price action phenomenon myself and to do that I needed to code it up.

I'm really a hacker when it comes to programming and Pine Script but I began coding from ZERO knowledge and my tricks, which I share, should hopefully help new Tradingview/Pine Script coders. GOOGLE IS YOUR FRIEND!!! It has all the answers if you just type the correct search :)

Unfortunately, I did not realize that Tradingview cuts off videos at 20 minutes. Oops! I got the meat of the indicator and process of using it all recorded and got cut off as I was cleaning up the code to make it more user friendly. I'll know to keep track of time for the next video!

Please let me know if this was helpful to traders... I get motivated by positive vibes to do more teaching!

15 Nov 2020

Nota

I have published my finalized code in this Open Script:

16 Nov 2020

Nota

The above link to the Script was taken down for not being descriptive enough. This link should work.