Release notes

This page contains release notes of notable changes in Pine Script v4.

June 2020

  • New resolution parameter was added to the study function. Now you can add MTF functionality to scripts and decide the timeframe you want the indicator to run on.
_images/Mtf.png

Please note that you need to reapply the indicator in order for the resolution parameter to appear.

  • The tooltip argument was added to the label.new function along with the label.set_tooltip function:

    //@version=4
    study("My Script", overlay=true)
    var l=label.new(bar_index, close, yloc=yloc.abovebar, text="Label")
    label.set_x(l,bar_index)
    label.set_tooltip(l, "Label Tooltip")
    
_images/Tooltip.png
  • Added an ability to create alerts on strategies.
  • A new function line.get_price can be used to determine the price level at which the line is located on a certain bar.
  • New label styles allow you to position the label pointer in any direction.
_images/new_label_styles.png
  • Find and Replace was added to Pine Editor. To use this, press CTRL+F (find) or CTRL+H (find and replace).
_images/FindReplace.jpg
  • timezone argument was added for time functions. Now you can specify timezone for second, minute, hour, year, month, dayofmonth, dayofweek functions:

    //@version=4
    study("My Script")
    plot(hour(1591012800000, "GMT+1"))
    
  • syminfo.basecurrency variable was added. Returns the base currency code of the current symbol. For EURUSD symbol returns EUR.

May 2020

  • else if statement was added
  • The behavior of security function has changed: the expression parameter can be series or tuple.

April 2020

New function was added:

  • quandl - request quandl data for a symbol

March 2020

New function was added:

  • fianancial - request financial data for a symbol

New functions for common indicators were added:

  • cmo - Chande Momentum Oscillator
  • mfi - Money Flow Index
  • bb - Bollinger Bands
  • bbw - Bollinger Bands Width
  • kc - Keltner Channels
  • kcw - Keltner Channels Width
  • dmi - DMI/ADX
  • wpr - Williams % R
  • hma - Hull Moving Average
  • supertrend - SuperTrend

Added a detailed description of all the fields in the Strategy Tester Report

February 2020

  • New Pine indicator VWAP Anchored was added. Now you can specify the time period: Session, Month, Week, Year.

  • Fixed a problem with calculating percentrank function. Now it can return a zero value, which did not happen before due to an incorrect calculation.

  • The default transparency parameter for the plot, plotshape, and plotchar functions is now 0%.

  • For the functions plot, plotshape, plotchar, plotbar, plotcandle, plotarrow, you can set the display parameter, which controls the display of the plot. The following values can be assigned to it:

    • display.none - the plot is not displayed
    • display.all - the plot is displayed (Default)
  • The textalign argument was added to the label.new function along with the label.set_textalign function. Using those, you can control the alignment of the label’s text:

    //@version=4
    study("My Script", overlay = true)
    var l = label.new(bar_index, high, text="Right\n aligned\n text", textalign=text.align_right)
    label.set_xy(l, bar_index, high)
    
    _images/Label_text_align.png

January 2020

New built-in variables were added:

  • iii - Intraday Intensity Index
  • wvad - Williams Variable Accumulation/Distribution
  • wad - Williams Accumulation/Distribution
  • obv - On Balance Volume
  • pvt - Price-Volume Trend
  • nvi - Negative Volume Index
  • pvi - Positive Volume Index

New parameters were added for strategy.close:

  • qty - the number of contracts/shares/lots/units to exit a trade with
  • qty_percent - defines the percentage of entered contracts/shares/lots/units to exit a trade with
  • comment - addtional notes on the order

New parameter was added for strategy.close_all:

  • comment - additional notes on the order

December 2019

  • Warning messages were added.

    For example, if you don’t specify exit parameters for strategy.exit - profit, limit, loss, stop or one of the following pairs: trail_offset and trail_price / trail_points - you will see a warning message in the console in the Pine editor.

  • Increased the maximum number of arguments in max, min, avg functions. Now you can use up to ten arguments in these functions.

October 2019

  • plotchar function now supports most of the Unicode symbols:

    //@version=4
    study("My Script", overlay=true)
    plotchar(open > close, char="🐻")
    
    _images/Bears_in_plotchar.png
  • New bordercolor argument of the plotcandle function allows you to change the color of candles’ borders:

    //@version=4
    study("My Script")
    plotcandle(open, high, low, close, title='Title', color = open < close ? color.green : color.red, wickcolor=color.black, bordercolor=color.orange)
    
  • New variables added:

    • syminfo.description - returns a description of the current symbol
    • syminfo.currency - returns the currency code of the current symbol (EUR, USD, etc.)
    • syminfo.type - returns the type of the current symbol (stock, futures, index, etc.)

September 2019

New parameters to the strategy function were added:

  • process_orders_on_close allows the broker emulator to try to execute orders after calculating the strategy at the bar’s close
  • close_entries_rule allows to define the sequence used for closing positions

Some fixes were made:

  • fill function now works correctly with na as the color parameter value
  • sign function now calculates correctly for literals and constants

str.replace_all (source, target, replacement) function was added. It replaces each occurrence of a target string in the source string with a replacement string

July-August 2019

New variables added:

  • timeframe.isseconds returns true when current resolution is in seconds
  • timeframe.isminutes returns true when current resolution is in minutes
  • time_close returns the current bar’s close time

The behavior of some functions, variables and operators has changed:

  • The time variable returns the correct open time of the bar for more special cases than before

  • An optional seconds parameter of the timestamp function allows you to set the time to within seconds

  • security function:

    • Added the possibility of requesting resolutions in seconds:

      1, 5, 15, 30 seconds (chart resolution should be less than or equal to the requested resolution)

    • Reduced the maximum value that can be requested in some of the other resolutions:

      from 1 to 1440 minutes

      from 1 to 365 days

      from 1 to 52 weeks

      from 1 to 12 months

  • Changes to the evaluation of ternary operator branches:

    In Pine v3, during the execution of a ternary operator, both its branches are calculated, so when this script is added to the chart, a long position is opened, even if the long() function is not called:

    //@version=3
    strategy(title = "My Strategy")
    long() =>
        strategy.entry("long", true, 1, when = open > high[1])
        1
    c = 0
    c := true ? 1 : long()
    plot(c)
    

    Pine v4 contains built-in functions with side effects ( line.new and label.new ). If calls to these functions are present in both branches of a ternary operator, both function calls would be executed following v3 conventions. Thus, in Pine v4, only the branch corresponding to the evaluated condition is calculated. While this provides a viable solution in some cases, it will modify the behavior of scripts which depended on the fact that both branches of a ternary were evaluated. The solution is to pre-evaluate expressions prior to the ternary operator. The conversion utility takes this requirement into account when converting scripts from v3 to v4, so that script behavior will be identical in v3 and v4.

June 2019

  • Support for drawing objects. Added label and line drawings
  • var keyword for one time variable initialization
  • Type system improvements:
    • series string data type
    • functions for explicit type casting
    • syntax for explicit variable type declaration
    • new input type forms
  • Renaming of built-ins and a version 3 to 4 converter utility
  • max_bars_back function to control series variables internal history buffer sizes
  • Pine Script documentation versioning
Options v: v4
Languages
en
Versions
v3
v4