Key Terminology

Pine Script is TradingView's proprietary scripting language used to create custom technical indicators, strategies, and alerts. Pineify eliminates the need for users to write Pine Script manually. It generates scripts that can be easily copied and pasted into TradingView.

Indicators are mathematical calculations based on price, volume, or other market data. Pineify allows users to create custom indicators with unlimited inputs, conditions, and visual plots. These indicators help traders analyze market trends and make informed decisions.

A strategy is a Pine script that can send, modify and cancel buy/sell orders. Strategies allow you to perform backtesting (emulation of a strategy trading on historical data) and forwardtesting (emulation of a strategy trading on real-time data) according to your algorithms. Pineify enables users to create complex entry and exit strategies without coding. These strategies can include market orders, take-profit levels, stop-loss orders, and more.

Backtesting involves evaluating a trading strategy's effectiveness by testing it on historical market data before applying it to live markets. Pineify enables users to backtest any indicator or strategy they create, using other indicators on the chart as inputs. Essentially, backtesting lets you replay history. You put your trading strategies through their paces using past market data to gauge their viability. While it can't predict future results with certainty, a thorough backtest can help you sidestep potential pitfalls or validate your trading intuition.

Inputs are customizable parameters for indicators and strategies that traders can adjust directly on the chart. Pineify supports up to 13 types of inputs, allowing for flexible parameter modifications without needing to alter the underlying code.

Conditions are the logical rules that define when certain actions should be triggered in a trading strategy. In Pineify, users can combine multiple technical indicators and market data through a Condition Editor to create precise trading signals.

Plots refer to the graphical representation of data on a chart. Pineify supports various types of plots such as lines, histograms, background colors, candlestick charts, shapes, and characters. These visual elements help traders interpret their strategies and indicators more effectively.

Alerts notify traders when specific conditions are met in their strategies or indicators. With Pineify, users can set up alerts based on custom conditions and receive real-time notifications on TradingView.

A ticker symbol is a unique series of letters assigned to a security or asset traded on an exchange (e.g., AAPL for Apple Inc.). Pineify supports adding indicators from different ticker symbols onto one chart, enhancing multi-asset analysis capabilities.

The timeframe refers to the period over which price data is aggregated for analysis (e.g., 1-minute, 1-hour, daily). Pineify allows users to apply indicators across multiple timeframes within a single chart for more comprehensive analysis.