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Strategy

On TradingView, if you want to view the returns of an indicator, you need to create a strategy rather than an indicator. A strategy can be understood as an indicator with backtesting capabilities.

On the Pineify platform, each Strategy corresponds to a Pine Script. Next, we will explore how to create these strategies.

How to Create Strategies​

Open the Pineify homepage, click the "Create" button in the top right corner, select the strategy type, then click "Create". The specific steps are shown in the image below.

https://r2.pineify.app/assets/create_stratgy_dialog_1028_minified_1.png

If Overlay is enabled, the strategy will be displayed on the main chart pane. If you want to display it on a separate panel, you need to disable Overlay.

After successful creation, you will see the strategy's editor interface.

Strategy Properties​

Switch to the Properties Tab, and you can see the properties of the current strategy.

https://r2.pineify.app/assets/strategy_properties_1028_2_minified.png

The following properties are currently supported for configuration:

General​

  • Name: The title displayed for the strategy on the chart.
  • Overlay: Controls whether the strategy is displayed on the main chart pane. This setting cannot be modified after the strategy is created.
  • Initial capital: The amount of funds initially available for the strategy to trade.
  • Currency: Currency used in calculations and strategy results.

Trading​

  • Order size: The number of contracts/shares/lots/units per trade, or the amount in base currency, or a percentage of available equity.
  • Pyramiding: Maximum number of successive entries allowed in the same direction.
  • Commission: Fees charged for each trade execution, applied to both entry and exit orders.
  • Slippage: The amount in ticks to be added to the fill price of market or stop orders.
  • Margin long: The percentage of equity required to fund long positions.
  • Margin short: The percentage of equity required to fund short positions.

Recalculate​

  • After order is filled: Enables an additional intrabar calculation immediately after an order fills.
  • On every tick: Recalculates the strategy on each update of real-time bars.

Fill orders​

  • Using bar magnifier: On historical bars, uses more precise lower timeframe prices for more realistic results.
  • On bar close: Fills market orders on the close of the bar where they are issued.