OPEN-SOURCE SCRIPT
Updated Visualizing Behaviors of barstate Variables
The title pretty much sums up what this script does. It's intended for Pine Script developers, but especially for newcomers to Pine Editor contemplating the use of barstate variables. I would recommend using this on 15 second or 1 minute chart intervals for a quick and obvious analysis of barstate behaviors.
These barstate variables change from TRUE to FALSE or FALSE to TRUE during specific times/conditions of script operation. One unique state you might not ever see change is barstate.isfirst. This is only TRUE when bar_index==0, most easily viewed on the monthly "All" chart on the far left. I provided a label displaying the current bar_index for perspective. I hope this provides an improved grasp of barstate understanding for fellow members, as it did for myself.
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members , I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
These barstate variables change from TRUE to FALSE or FALSE to TRUE during specific times/conditions of script operation. One unique state you might not ever see change is barstate.isfirst. This is only TRUE when bar_index==0, most easily viewed on the monthly "All" chart on the far left. I provided a label displaying the current bar_index for perspective. I hope this provides an improved grasp of barstate understanding for fellow members, as it did for myself.
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members , I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
Release Notes
Added textalign=text.align_left to dress up the labels with formatting finesseRelease Notes
barstate.islastconfirmedhistory is now a newly added barstate variable.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.
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.