11.1 Code Organization and Comments

Organizing your code and adding comments can improve readability and maintainability. Use comments to explain the purpose of each section of your script and use indentation to visually separate code blocks.

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © CryptoRox

//@version=5
strategy("Pinescript for Absolute Beginners", overlay=true, margin_long=100, margin_short=100)

// This variable defines the Simple Moving Average
smaValue = ta.sma(close, 14)
// This variable defines the Relative Strength Index
rsiValue = ta.rsi(close, 14)

// This variable defines our long condition which is when the rsi crosses over 30 and the close crosses over the sma
longCondition = ta.crossover(rsiValue, 30) and ta.crossover(close, smaValue)

// This variable defines our short condition which is when the rsi crosses under 70 and the close crosses under the sma
shortCondition = ta.crossunder(rsiValue, 70) and ta.crossunder(close, smaValue)

// Check if our longcondition is true, than trigger an alert with our message to Autoview to place the trade live on the exchange
if longCondition
strategy.entry("Long", strategy.long, alert_message="b=long q=10% t=market")

// Check if our shortcondition is true, than trigger an alert with our message to Autoview to place the trade live on the exchange
if shortCondition
strategy.entry("Short", strategy.short, alert_message="b=short q=10% t=market")

11.2 Optimization Techniques

To optimize your Pinescript code, consider:

• Using built-in functions instead of custom calculations when possible.
• Simplifying complex expressions or calculations.
• Avoiding unnecessary calculations by storing results in variables.

11.3 Resources for Further Learning

To expand your Pinescript knowledge, you can explore the following resources:

• TradingView Pinescript documentation: https://www.tradingview.com/pine-script-docs/en/v4/index.html
• Pine Script tutorials and examples: https://www.tradingview.com/scripts/pinescript-tutorial/

TradingView forums and chat rooms: https://www.tradingview.com/community/

Go to Lesson 12: Course Recap and Next Steps