Technical analysis by Trendoscope about Symbol BTC on 1/3/2024

Trendoscope

Hello All,Welcome to another session of "Thinking in Pine" - short video tutorials on Pine Script.Before continuing with this video, if you are not familiar with var, varip and regular variables, please watch our previous video - "Thinking in Pine - var, varip and regular variables"🎲 Today's discussion points How var, varip and regular variable modification code works with historical and real time bar updates. Rollback concept of var variables🎯 Example Program UsedPine Script®// The statements execute on every tick
count = 0.0
count+=1
varip varipcount = 0 //executes only once on the first bar
varipcount+=1
// Reset counter on every bar
// if(barstate.isconfirmed)
// varipcount:=0
// Rollbacks and assigns on every tick
var varcount = 0.0 //executes only once on the first bar
varcount+=1
// varcount:=varcount[1] -- Rollback
// varcount := varcount + 1 -- execute again
plot(varipcount, 'Varip Count')
plot(varcount, 'Var Count')
plot(count, 'Çount')
arrRegular = array.new