OPEN-SOURCE SCRIPT
Updated Repainting? Yes/No
Suppose, you'd like to avoid repainting issues in your scripts. How to achieve this?..
If you do not use `security` function, then simply calculate only on confirmed (closed) bars. Use either `close[1]` as a source or/and `barstate.isconfirmed` variable in your logic.
But if you use `security` to get data of a higher timeframe, then what? In such a case to get the same result - use `security` with
* `lookahead` param switched ON
* in `expr` param use "square brackets of 1" - previous bar value of your signal (`data` variable is your "signal").
NOTE 1: that `gaps` param doesn't affect repainting in any way.
NOTE 2: `lookahead` param when switched OFF affects the `security` behaviour only on history data. And indicator still repaints (realtime calculations change after chart reload).
In my example, script uses 5 minute closed bars (that means they will not change after chart reload, so there will be no repainting) on 1 minute chart.
Plots that "repaint" are hidden. You may make them visible to see how they look like.
If you do not use `security` function, then simply calculate only on confirmed (closed) bars. Use either `close[1]` as a source or/and `barstate.isconfirmed` variable in your logic.
But if you use `security` to get data of a higher timeframe, then what? In such a case to get the same result - use `security` with
* `lookahead` param switched ON
* in `expr` param use "square brackets of 1" - previous bar value of your signal (`data` variable is your "signal").
NOTE 1: that `gaps` param doesn't affect repainting in any way.
NOTE 2: `lookahead` param when switched OFF affects the `security` behaviour only on history data. And indicator still repaints (realtime calculations change after chart reload).
In my example, script uses 5 minute closed bars (that means they will not change after chart reload, so there will be no repainting) on 1 minute chart.
Plots that "repaint" are hidden. You may make them visible to see how they look like.
Release Notes
Just fixed commentOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.