I just made this video because, this question came up many times in Pine QA. In this video we are trying to load default Bollinger Band indicator from Tradingview and convert it into strategy.
Below are the steps
Load the indicator on chart
Click on source code (curly brackets next to indicator title) to load the code into your pine editor.
Make copy of the script. Remove the indicator on chart and load your copy of the script from pine editor
Replace indicator call with strategy call
Define your entry/exit conditions for long and short
Add strategy.entry, strategy.exit, strategy.close calls based on the conditions to generate trades on chart
@HeWhoMustNotBeNamed, How do you change indicator call? what is indicator call? Need a more indepth instructions pls buddy. Got a great indicator and just want to see if the chart can buy and sell at the exact points of the indicator so I can automate the trading. Thanks so much.
Lunatic_Fringe
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@sweetest, This is indicator call : indicator(title="Directional Movement Index", shorttitle="DMI", format=format.price, precision=4, timeframe="", timeframe_gaps=true) And this is strategy call : strategy("DMI strategy 2", overlay=true, margin_long=100, margin_short=100) Note : the above strategy call has overlay true but you should put it false if you want to hide panel. Using overlay true in strategies can create scale problems.