CODEWITHSUNDEEP
pine-scriptpine-script-v5algorithmic-tradingpine-script-v4
Aryagm
Aryagm

Reputation: 550

Indicator for current price in Pine Script

Is there a way to create an indicator which reflects the current price of a stock in Pine Script? I need this indicator because I need to enter an order before the candle closes (when there is a specific crossover) and the data for back testing is provided bar by bar. I think an indicator can allow me to do this and if not is there another way to tackle this.

I am not an experienced pine scripter and any help will be greatly appreciated:) Thanks,

Upvotes: 16

Views: 31502

Answers (2)

Maubeh
Maubeh

Reputation: 445

This answer is late, but since the solution is not posted, I will provide it here. To solve this, you need pinescript to calculate the prices on the fly, and this is a feature you should turn on. Check the following example:

//@version=5
strategy(title="My Strategy", calc_on_every_tick=true)

calc_on_every_tick variable should be set to true, and there you go. Now the close value represents the current price, and not bar-close.

Source: Calculate bars on every tick

Upvotes: 9

e2e4
e2e4

Reputation: 3818

The close during the unconfirmed bar represents the current price of the asset.

However, Tradingview's backtesting engine will execute the order only on the next candle. See here why - https://www.tradingview.com/pine-script-docs/en/v4/language/Execution_model.html#execution-model

Upvotes: 16

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