What is Pine Script?
Pine Script is TradingView’s programming language for creating custom indicators, strategies and alerts. It is simple to learn and ideal for traders who want to automate their analysis without managing a full server.
Example: RSI + Bollinger indicator
A basic indicator that plots the RSI with overbought and oversold lines:
//@version=5
indicator("My RSI + Bollinger", overlay=false)
rsiVal = ta.rsi(close, 14)
plot(rsiVal, "RSI", color.blue)
hline(70, "Overbought", color.red)
hline(30, "Oversold", color.green)Setting up alerts
Set an alert when the RSI crosses 30 or 70, then trade manually with your broker. TradingView does not execute trades on binary options brokers — it only generates the alerts.
💡 Tip
TradingView is ideal for analysis and alerts. Combine it with your favourite broker: analyse on TradingView, trade on IQ Option or Quotex.
⚠️ Risk warning
Trading binary options carries significant risk. The majority of traders lose money. This site contains affiliate links.