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Paul D. Mendes

Is this course for me?

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Is this course for me?

  • If you want to become a better trader, then this course is for you.

  • If you want to backtest anything on Tradingview, then this course is for you.

  • If you want to forwardtest anything on Tradingview, then this course is for you.

  • If you want to turn your trading logic into an automated strategy, then this course is for you.

  • If you've purchased an indicator for its signals, but are having second doubts about those signals and wish you could test them, then this course is for you.

  • If you want a comprehensive understanding of how backtesting and forwardtesting works on Tradingview, then this course is for you.

  • If you are short on time and need a guide on building strategies in Pinescript, then this course is for you.

What skills will I learn in this course?

By the end of the course, you will be able to:

  • Build strategies in Pine Script by using your own trading logic, or by modifying existing scripts.

  • Backtest strategies the right way.

  • Forwardtest strategies the right way.

  • Convert Indicators to strategies.

  • Backtest Indicators Yes I will show you how to backtest an indicator.

  • Track and Improve the performance of your trading strategy by understanding key metrics.

  • Remove uncertainty with data & gain greater confidence in your trading.

  • Automate trading logic.

How will I learn?

You will experience Pinescript from the eyes of a seasoned Programmer and Trader cultivated from years of passionate improvement.

Throughout the course:

  • I will guide you from basic to advanced concepts.

  • I will use spaced repetition, an evidence-based learning technique, to drill important concepts into your mind so you won't forget.

  • You will be shown several different ways to accomplish one thing, making sure you understand the differences between each approach while highlighting which approach you should use.

  • You will fortify theory and knowledge with hands-on practice, by doing code alongs in the Pine Editor on Tradingview.

  • You will convert real trading rules to indicators, and indicators to strategies to analyze their real performance.

Is this course worth my time and money?

Because this is a highly subjective question relating to personal experience, conditions, knowledge, mental characteristics, and states; the answer depends on the person taking this course a.k.a. YOU.

With that in mind let me offer some objectives for your perceptions.

  • There are around 5 hours of content jam-packed into this course. Now length doesn't exactly equate to quality, but I spent a considerable amount of time, scripting and editing course content so you don't have to listen to me ramble, stutter, mumble and meander off-topic. I stay on track and include references to other sources if you need further explaining. And, if your short on time, you can always listen to the course on x2 speed, then it's only 2.5 hours long. :P

  • This might be subjective, but I am almost positive it is the most comprehensive course available today covering Pinescript Strategies. You will not find anything better and I am not saying that because I am naturally biased, but I say that because I looked.

  • I've spent almost 5 years learning what I know now. I've consolidated and condensed that knowledge into this course, so you can be confident you are learning the right things the right way. By doing this, I am saving you time so you don't have to do 10,000 google searches piecing together outdated blog posts, youtube tutorials, and difficult documentation. Put simply, you can learn all this stuff on your own and it will take you a while. Or you could take my course and I can teach you everything in 4.5 hours

  • People are selling indicator subscriptions on TV for anywhere between $50 and $200 a month, I can't speak for the quality of these, but after taking this course you will be able to identify if they are worth the cost. Saving you from additional subscription costs and/or time on bad signals before you realize they are bad signals.

  • Before I knew how to code, I would backtest my trading logic by HAND. Knowing how to use Pine Script will save you lots of time.

  • If you ever get stuck, I am available to answer questions and help you out. I have been working with Pinescript for almost 5 years now and have extensive experience building indicators and backtesting strategies for myself and clients. I have worked with Python, Javascript, C++, C, and other Domain-Specific Languages like mql4 within the sphere of financial analysis and quantitative analysis. I’ve come across many frameworks for building and testing strategies, and can honestly say that Pinescript is now my go-to backtesting engine. It hasn’t always been that way, but Pinescript has been rapidly evolving and finally can do the things I need it to do rapidly.

  • Finally, you can always get your money back if you're not satisfied.

What will each section cover?

I've designed the course in a way so that you can view the course from beginning to end, or you can jump around to just the stuff you need. This way after finishing the course, you can use it as a reference guide for when you are building your own strategies.

Here is an overview of each section with descriptions.

  1. Quickstart - The purpose of this section is to introduce the student to core concepts and get them up and running quickly with the proper mindset.

  2. Analyzing Strategy Results - No strategy is worth building if you can't examine and understand the backtesting and forwardtesting results. This section walks you through the key performance metrics in the strategy tester tab.

  3. Basic Order Types - Don't be fooled by the section title. This section is dense and fundamental. We start off by reviewing trading order types and then taking a birds-eye view of all the important strategy functions Pine Script makes available to execute those orders types. We'll convert an RSI indicator to a strategy, and then use that strategy with every different order type, in various ways, so we can get a good fundamental understanding of how things work. You will learn about market orders, limit orders, stop orders, entries, exits, multiple entries, pyramiding, date filtering, and visualization techniques.

  4. Advanced Order Types - This section builds on the last. You will learn how to place take profits, stop losses, stop-limits, OCO's, trailing stops, and more advanced visualization techniques for viewing these orders on your charts.

  5. Understanding the broker emulator - A crucial step in becoming a master of Pinescript strategies. I've broken down the complex broker emulator in a simple way anyone can understand. I can't tell you how many people think Pine Script is broken or crappy because they just don't understand the broker emulator. This section is designed for the go-getters who want to separate themselves from a novice to a professional.

  6. Practical Examples - Take everything we've learned and put it into action. I take real-world trading logic and put it to the test. This section explores practical applications, converting trading logic into code, and then into strategies. We experiment with a bunch of different strategies, including one of my own (The only one that works.). I code everything up live, so you get to see me make mistakes and debug the code. (Don't worry I edited the process, so we skip the parts where I stare at the screen and murmur expletive undertones).

What you get with the course:

  • Over 34 On-Demand Video Lessons

  • 4.5 Hours Of Jam-packed Content

  • 5 Strategies To Build On With Code

  • 11 Downloadable Resources, including all the code I use

  • 30-day money-back Guarantee

  • Instructor feedback Yes I care about my students and want you to be successful

  • Exclusive Group access & extra resources for extended learning beyond course materials

  • Quizzes & Activities

  • Full lifetime access

  • Access on mobile and TV

  • Certificate of Completion at the End

Enroll now

What's inside

Learning objectives

  • Learn different ways to evaluate the effectiveness of a trading strategy with code
  • Rapidly backtest strategies and indicators in pine script
  • Forwardtest strategies and indicators in pinescript
  • Improve trading with informed decision making
  • Algorithmic trading
  • Quantitative analysis
  • Programming
  • Pine script v4

Syllabus

The purpose of this section is to introduce the student to core concepts and get them up and running quickly with the proper mindset.
What are strategies, backtesting & fowardtesting?
Read more

Don't panic. Everything you learn in this course applies to version5 as well. There are just some small changes we need to adapt to in order to make sure we don't run into any issues when following along!

There's a new editor in town. Check this out so you are up to speed on the changes and don't get confused when things look a little different in the course!

Test your knowledge with a hands-on activity

This is the ultimate tool for backtesting strategies and indicators.

In this video, I take a popular indicator and convert it into a strategy. The results are sad, but the lesson is powerful. You will understand how important it is to backtest strategies and see for yourself that shiny indicators should always be carefully examined.

I created this strategy to analyze the effect of systematic coin burns and price correlations with a popular cryptocurrency. 

In this video I show you a method I use to organize and test my strategies.

In this video, we will explore how to send webhooks from TradingView to your broker to automate your trading strategy. You'll learn about the requirements, such as needing a paid TradingView account, and alternative methods using browser extensions. We'll cover setting up a webhook alert in TradingView, sending it to your broker or an intermediary service like TradersPost, and integrating with various exchanges. We'll also review different broker integrators and their features, helping you choose the most user-friendly option for your needs.

00:00 Introduction to Automating Your Strategy with Webhooks

00:36 Setting Up Webhooks on TradingView

00:55 Integrating with Brokers and Exchanges

01:17 Using Broker Integrators for Simplified Setup

02:13 Exploring Broker Options and Recommendations

03:17 Creating an Account on TradersPost

03:20 Conclusion and Next Steps

In this video, learn how to set up TradersPost to send webhooks and start live or demo trading with your broker. The video walks you through connecting TradersPost to your broker, creating webhooks, strategies, and subscriptions. It covers the configuration of the Trader's Post Paper Broker, setting default trading parameters, and testing alerts through TradingView. The video also demonstrates troubleshooting tips to ensure smooth operation. Ideal for beginners who want to automate their trading processes.

00:00 Introduction to TradersPost Setup

00:12 Account Registration and Initial Setup

00:24 Connecting to a Broker

00:37 Creating Webhooks and Strategies

01:46 Configuring Broker and Strategy Settings

06:03 Setting Up Alerts in TradingView

09:32 Testing and Troubleshooting

13:24 Final Thoughts and Troubleshooting Tips

In this video, we delve into the more complex but flexible method for sending alerts to brokers using strategy order fills. Learn how to automate your alert messages for entry and exit positions effectively. This comprehensive tutorial covers creating and formatting alert messages, fixing common errors, and ensuring correct order transmission. Follow along for a practical demonstration and troubleshooting tips to optimize your trading strategy. If you have any questions, feel free to reach out!

00:00 Introduction to Sending Alerts via Strategy Order Fills

00:30 Setting Up the Alert Message

01:12 Creating Entry and Exit Messages

02:48 Formatting and Testing the Alerts

04:52 Troubleshooting Common Errors

06:54 Final Adjustments and Conclusion

Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Teaches Pine Script, a domain-specific language, which allows learners to rapidly backtest trading strategies and indicators on the TradingView platform
Explores the broker emulator, which is a crucial step in mastering Pinescript strategies and separating oneself from a novice to a professional
Includes practical examples of converting real-world trading logic into code and strategies, which allows learners to experiment with different approaches
Covers advanced order types like take profits, stop losses, and trailing stops, which are essential for implementing sophisticated trading strategies
Requires a paid TradingView account to fully utilize the webhook automation features, which may be a barrier for some learners
Focuses on Pine Script V4, which may not be the latest version, requiring learners to adapt the code to version 5 for optimal performance

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Reviews summary

Tradingview pine script strategies guide

According to learners, this course provides a solid foundation for anyone looking to build and test trading strategies using Pine Script on TradingView. Students appreciated the hands-on coding examples and the detailed coverage of strategy performance metrics and the broker emulator, which are crucial for effective backtesting. While the course is praised for packing a lot of content into a relatively short time, some found the pace quite fast, suggesting that beginners might need to re-watch sections. Overall, learners found it a valuable resource for gaining the technical skills required for algorithmic trading, understanding that the course provides the tools for testing their own trading logic.
Focuses on *how* to test, not specific profitable strategies.
"The course taught me how to *test* my ideas, not which ideas are best."
"Important to remember the course provides the tools, not trading signals."
"Managing expectations about finding 'working' strategies is key."
Covers many essential strategy testing aspects.
"Learned about different order types and their execution."
"Understanding the broker emulator was crucial for accurate backtesting."
"Covers performance metrics in detail."
Code-along sessions are very helpful.
"Following along in the Pine Editor made learning much easier."
"Practical examples solidified my understanding."
"Loved the real-world trading logic conversion."
Solid base for creating trading strategies.
"I finally understand how to translate my trading ideas into code."
"Helped me build a strong foundation in Pine Script strategy creation."
"Essential concepts for constructing automated trading systems."
Moves quickly, may require re-watching sections.
"The pace is fast; I had to pause and re-watch quite a bit."
"Good for experienced coders, might be rushed for total beginners."
"Lots of information packed into a short time."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Tradingview Pine Script Strategies: The Complete Guide with these activities:
Review Trading Order Types
Solidify your understanding of market, limit, and stop orders before diving into Pine Script strategy implementation.
Browse courses on Financial Instruments
Show steps
  • Study the definitions of market, limit, and stop orders.
  • Review examples of how each order type is used in different trading scenarios.
  • Take a quiz to test your understanding of order types.
Review 'Algorithmic Trading: Winning Strategies and Their Rationale'
Gain a deeper understanding of algorithmic trading principles and backtesting methodologies.
Show steps
  • Read the chapters on backtesting and strategy evaluation.
  • Summarize the key concepts and techniques discussed in the book.
  • Relate the concepts to Pine Script strategy development.
Convert Indicators to Strategies
Practice converting existing TradingView indicators into functional strategies using Pine Script.
Show steps
  • Select a few simple indicators (e.g., Moving Average, RSI).
  • Write Pine Script code to translate the indicator logic into strategy entry/exit conditions.
  • Backtest the converted strategies and analyze their performance.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Review 'Mastering the Trade, Second Edition: Proven Techniques for Profiting from Intraday and Swing Trading Setups'
Explore proven trading techniques and consider how they can be automated using Pine Script.
Show steps
  • Read the chapters on specific trading setups and patterns.
  • Identify the rules and conditions for each setup.
  • Translate the rules into Pine Script code for backtesting.
Document Your Strategy Development Process
Create a blog post or video tutorial explaining your approach to building and backtesting a Pine Script strategy.
Show steps
  • Choose a specific strategy to document.
  • Outline the steps involved in developing and backtesting the strategy.
  • Create the content (blog post or video) explaining each step.
Develop a Portfolio Backtesting Tool
Create a Pine Script tool that allows you to backtest a portfolio of multiple assets simultaneously.
Show steps
  • Research how to handle multiple assets within a single Pine Script strategy.
  • Implement the logic for allocating capital across different assets.
  • Backtest the portfolio strategy and analyze its overall performance.
Build a Strategy Performance Dashboard
Develop a dashboard that visualizes key performance metrics of your Pine Script strategies.
Show steps
  • Identify the key performance metrics to track (e.g., win rate, profit factor, drawdown).
  • Extract the data from your backtests.
  • Create a dashboard using a tool like Google Sheets or a dedicated data visualization platform.

Career center

Learners who complete Tradingview Pine Script Strategies: The Complete Guide will develop knowledge and skills that may be useful to these careers:
Trading Strategist
A trading strategist develops and implements trading strategies across various financial markets. This course is an ideal fit as it specifically focuses on building and backtesting trading strategies in Pine Script. The skills acquired will directly translate into the ability to create, test, and refine trading strategies using real-world data. The focus on backtesting and forwardtesting ensures strategies are robust and reliable. You will learn to convert trading logic into automated systems, allowing for systematic and data-driven decision making. The emphasis on tracking and improving performance through key metrics is critical for a trading strategist seeking to optimize returns and manage risk. Learning the elements taught in this course will be valuable for generating trading signals.
Systematic Trader
A systematic trader develops and implements automated trading systems based on predefined rules and algorithms. This course directly aligns with the role, focusing on how to build and backtest trading strategies using Pine Script. You will learn how to convert trading logic into automated strategies, an essential skill for systematic trading. The emphasis on backtesting and forwardtesting ensures that strategies are thoroughly validated. Learning how to track and improve trading strategy performance allows for continuous optimization of the trading system. Systematic traders may find value in learning how to forwardtest strategies and indicators in pinescript.
Trading System Developer
A trading system developer designs, builds, and tests automated trading systems. This course helps build essential skills for developing trading systems using Pine Script. The ability to convert trading logic into automated strategies is critical for this role. You will learn how to backtest and forwardtest those strategies, ensuring they are robust and reliable. Developers will also gain from understanding the broker emulator. Learning how to track and improve trading strategy performance allows for creating increasingly sophisticated and effective trading systems. These are extremely valuable when designing trading systems.
Proprietary Trader
A proprietary trader, or prop trader, trades financial instruments with the firm's capital, aiming to generate profits for the firm. This course directly supports the role by teaching how to build, backtest, and forwardtest trading strategies using Pine Script. Learning to convert trading logic into automated strategies will be valuable, enabling more efficient and data-driven trading. You will learn how to track and improve the performance of those strategies, further refining your trading approach. The ability to rapidly test and deploy different trading ideas in Pine Script is invaluable for a prop trader seeking to capitalize on market opportunities. Backtesting trading strategies and indicators is an important tool for success.
Algorithmic Trader
An algorithmic trader designs, develops, and implements automated trading strategies. This course helps build a foundation in creating and backtesting trading strategies using Pine Script, which is essential for algorithmic trading. By learning how to convert trading logic into automated strategies and rigorously test them, you'll gain the skills necessary to develop profitable algorithms. You will also understand how to track key metrics and improve strategy performance, critical for effective algorithmic trading. Developing proficiency in backtesting and forwardtesting will lead to creating more robust trading systems. This course will be valuable in understanding the practical aspects of algorithmic trading strategy development.
Quantitative Developer
A quantitative developer builds and maintains software systems used for quantitative analysis and trading. This course helps build a foundation in Pine Script, valuable for developing and testing trading strategies within the TradingView platform. The insights offered by this course help to improve the design and implementation of quantitative trading systems. You will learn how to convert indicators to strategies, also allowing for a more versatile development process. By learning to automate trading logic and backtest different approaches, you will become more adept at building robust and efficient trading platforms. A background in software development is typically expected.
Hedge Fund Analyst
A hedge fund analyst supports investment decisions by conducting in-depth research and analysis of potential investment opportunities. This course helps build skills in quantitative analysis and algorithmic trading, useful for evaluating trading strategies employed by hedge funds. You will learn to use Pine Script to backtest and forwardtest strategies, assessing their viability and potential profitability. Converting trading logic into automated systems and tracking key performance metrics will be relevant in understanding the nuances of different investment approaches. Learning how to improve trading decisions with data can allow a hedge fund analyst to provide better insights and recommendations. Such a skillset would equip an analyst to better assess the risk and potential reward of such investments.
Quantitative Analyst
A quantitative analyst, often called a quant, uses mathematical and statistical methods to analyze financial markets and develop trading strategies. This course may be useful in learning how to leverage Pine Script for quantitative analysis, particularly in backtesting and forwardtesting trading ideas. By mastering Pine Script, a quant can rapidly prototype and evaluate different models. Furthermore, the skills in understanding key performance metrics and improving trading strategy performance can be directly applied to quantitative research. Learning how to automate trading logic will be relevant in implementing quantitative models in real-world scenarios. Such expertise will allow a quantitative analyst to create data-driven trading solutions.
Financial Analyst
A financial analyst analyzes financial data, provides investment recommendations, and helps companies make informed decisions. This course may be useful in enhancing a financial analyst's skillset by providing tools to quantitatively assess trading strategies and market indicators. The ability to backtest and forwardtest strategies using Pine Script helps in understanding the potential effectiveness of different investment approaches. This course may be useful in learning how to convert indicators to strategies and track their performance, also aiding in making more informed recommendations. Understanding how to automate trading logic can provide a deeper insight into market dynamics. Learning to improve trading decisions with data will provide opportunities to improve the accuracy that characterizes financial analyses.
Investment Manager
An investment manager oversees investment portfolios for individuals or institutions, aiming to maximize returns while managing risk. This course may be useful in gaining a better understanding of how to evaluate and improve trading strategies quantitatively. By learning to backtest indicators and strategies using Pine Script, an investment manager can make more informed decisions about asset allocation. You will learn how to track performance metrics and automate trading logic, also providing insights into the effectiveness of different trading approaches. Learning to use data to minimize uncertainty that can arise in financial decision making will be valuable for enhancing portfolio performance. Skills in backtesting and forwardtesting strategies can help optimize portfolios according to risk tolerance and investment goals.
Portfolio Manager
A portfolio manager is responsible for constructing and managing investment portfolios to meet specific goals. This course may be useful in enhancing a portfolio manager's toolkit through quantitative strategy development and evaluation skills. Learning to use Pine Script to backtest trading strategies and indicators allows for data-driven portfolio construction. You will learn how to track and improve trading strategy performance, also enabling more informed decisions about asset allocation. Understanding how to automate trading logic can assist in implementing dynamic and responsive portfolio adjustments. Learning how to minimize uncertainty through data would be valuable in managing risk and optimizing returns. Such analytical capabilities can improve trading performance.
Investment Strategist
An investment strategist develops investment strategies and provides recommendations to clients or internal stakeholders. This course may be useful in enhancing the quantitative skills of an investment strategist, offering tools to analyze and evaluate trading strategies. Learning to backtest indicators and strategies using Pine Script will provide data-driven insights into the potential effectiveness of different investment approaches. You will learn how to track performance metrics and automate trading logic. This ensures that an investment strategist remains informed and adaptable. The ability to use data to improve trading decisions will be valuable in formulating sound investment strategies.
Market Maker
A market maker provides liquidity in financial markets by quoting buy and sell prices for specific securities. This course may be useful in developing skills to analyze and automate trading strategies, valuable in market making. Learning to backtest strategies and indicators in Pine Script will help in evaluating the potential profitability and risk of different market making approaches. By converting trading logic into automated systems, a market maker can respond more quickly to market changes and manage inventory effectively. You will learn to track performance metrics and improve trading strategies, allowing for continuous optimization of market making activities. Such a skillset will foster greater adaptation to changing market conditions.
Financial Engineer
A financial engineer designs and develops new financial instruments and strategies, often requiring advanced mathematical and programming skills (typically a master's or phd). This course may be useful as it provides a practical introduction to building and backtesting trading strategies using Pine Script. The ability to convert trading logic into automated systems allows for rapid prototyping and evaluation of new financial products. You will learn how to track and improve the performance of trading strategies, further assisting in the design and optimization process. A strong understanding of Pine Script and its capabilities can be valuable in the toolkit of a financial engineer. Hands-on experience, such as learning to forwardtest strategies and indicators in Pinescript, will benefit a Financial Engineer.
Data Scientist
A data scientist analyzes large datasets to extract meaningful insights and develop data-driven solutions. This course may be useful in expanding a data scientist's skills into the realm of financial trading and quantitative analysis. By learning how to backtest strategies and indicators using Pine Script, a data scientist can apply their analytical skills to financial markets. You will learn to convert trading logic into automated systems, also providing a practical application of data analysis techniques. Understanding how to track and improve trading strategy performance allows for the creation of data-driven trading models. A data scientist can leverage their skills to optimize trading algorithms and improve investment decisions.

Reading list

We've selected two books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Tradingview Pine Script Strategies: The Complete Guide.
Provides a comprehensive overview of algorithmic trading strategies, including backtesting methodologies. It offers valuable insights into developing and evaluating trading algorithms, which are directly applicable to Pine Script strategy development. While not specific to Pine Script, the concepts and techniques discussed are essential for understanding the broader context of algorithmic trading. This book is more valuable as additional reading to deepen understanding.
Offers practical trading strategies and techniques that can be translated into Pine Script code. It covers various chart patterns, indicators, and risk management principles. While not directly related to Pine Script, the trading concepts discussed can be implemented and backtested using the language. This book is more valuable as additional reading to expand trading knowledge.

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