• Pine Script™ introduces methods (1, 2)! Much kuddos for the developers, Tradingview, and all who has worked on it!
• This educational script will show the simplified way of writing built-in methods, not to create a new method.

🔹 Simplified way of writing built-in methods:

· Instead of:
newArray = array.new<int>()
array.unshift(newArray, 1)

lin = line.new(na, na, na, na)
line.set_xy1(lin, bar_index     , close)
line.set_xy2(lin, bar_index + 10, close)

label newLabel = label.new(bar_index, high)
if barstate.islast

· We now can write it like this:
newArray = array.new<int>()

lin = line.new(na, na, na, na)
lin.set_xy1(bar_index     , close)
lin.set_xy2(bar_index + 10, close)

label newLabel = label.new(bar_index, high)
if barstate.islast


· When using [1] sometimes brackets are necessary:
label lab = label.new(bar_index, high)
if barstate.islast
    label.set_color(lab, color.red)
· ->
label lab = label.new(bar_index, high)
if barstate.islast
    (lab[1]).delete() // lab[1].delete() doesn't compile at the moment



• The basic principles are:
· Find 1 point (close) x bars back from current bar (settings: 'x close back').

· Create a 'Flare' shaped object from that point to current bar or further (dependable of "Width of Flare").
· Calculate where current close is located versus the Flare lines.
· On that bases, change colour and draw plotshapes.
      · Below bar if current close is located in the upper part of the Flare
      · Above bar if current close is located in the lower part of the Flare
      · Above & Below if located in the middle part of the Flare
         -> Above & Below colours has 3 different colours (adjustable), dependable on the position


· Neutral zone:

· Light Bullish zone:

· Bullish zone:

· Very Bullish / Overbought zone:

· Light Bearish zone:

· Bearish zone:

· Very Bearish / Oversold zone:


🔹 I. Make a User Defined Type (UDT) Flare, with:

· 5x linefill - array of linefill
· int iDir, which captures the direction (current location of close in Flare)
· color cCol, this is a colour variable in relation to the direction.

🔹 II. Different functions will add a new Flare object, and update the values on each bar.

· Explanation of each function can be found in the script.


· The input.color() is located in the function set_flare_B(flare obj)
· Best to put the inputs at the beginning of the script, I included this alternative just to show it is possible (but mostly not ideal)
· Background colour (settings: Bgcolor) can be enabled for better visibility of colours

- We cannot control our emotions,
but we can control our keyboard -
Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

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