Pineify - No.1 Lux Algo alternative to consider.
You know how it goes with trading - you see this perfect setup in your head, but then you realize you need some custom indicator that doesn't exist anywhere. That was me for the longest time. I'd been using TradingView and kept hitting the same wall: I wanted specific indicators but had zero interest in learning to code.
Then I stumbled across Pineify, and man, it actually solved my problem.
So what's the deal with Pineify?
It's basically like having a friend who's really good at coding but doesn't make you feel stupid for not knowing it yourself. You just drag and drop stuff around to build whatever indicator you want, and it writes all the Pine Script code for you. No more staring at error messages or trying to figure out why your semicolon is in the wrong place.
Why I started looking beyond Lux Algo
Don't get me wrong, Lux Algo has some decent stuff. But after using it for a while, a few things started bugging me:
The price tag was getting pretty steep, especially when I realized some of their indicators were just fancier versions of things already available for free on TradingView. Plus, the big kicker for me was not being able to properly backtest strategies. Like, how am I supposed to know if something actually works without testing it?
What I actually like about Pineify
Here's what caught my attention:
You don't need to code anything - Seriously, just drag stuff around and it builds your indicator. It's like Legos for trading indicators.
No more indicator limits - You know how TradingView caps how many indicators you can have? Yeah, this gets around that completely.
Actually test your strategies - This was huge for me. You can turn any indicator into a proper strategy and see how it would've performed historically.
Bring your own code - If you find some Pine Script online that's almost what you want, you can import it and tweak it without starting from scratch.
Mix and match conditions - Want an indicator that only triggers when three different things happen at once? Easy.
The whole thing costs way less than what I was paying for other tools, and definitely cheaper than hiring someone to code stuff for me.
Website: Pineify
Want to see everything it can do? Check out all the features here.
How they actually stack up
| What you get | Pineify | Lux Algo |
|---|---|---|
| Need to code? | Nope | Nope |
| Indicator limits | None | Whatever TradingView gives you |
| Can backtest? | Yep | Nah |
| Import existing code? | Yeah | Yeah |
| Build complex conditions? | Yeah | Yeah |
| Cost | Free version + paid options | Monthly subscription |
| Actually worth it? | Lots of unique stuff you can't get elsewhere | Mostly repackaged free indicators |
Wrapping Up
Look, I'm not trying to sell you anything here. I just found something that actually solved problems I was having, and figured other people might be in the same boat.
If you're tired of being limited by what indicators already exist, or you're paying for stuff that doesn't quite do what you need, Pineify might be worth checking out. The fact that you can test everything properly before risking real money is honestly the biggest selling point for me.
Give it a shot if you want to build custom indicators without the coding headache.