How to create a REGIME FILTER in Pine Script

🚩 My Socials & More Free Content: https://theartoftrading.com 🚩 FREE Pine Script Basics Course: https://courses.theartoftrading.com/courses/pine-script-basics-course 🚩 Pine Script Mastery Course: https://courses.theartoftrading.com/courses/pine-script-mastery 🚩 My Indicators & Strategies Course (Steal My Code!): https://courses.theartoftrading.com/courses/my-indicators

🔷 Create your FREE TradingView Account: https://www.tradingview.com/gopro/?offer_id=10&aff_id=15271

Want to learn Pine Script? Look no further. I have you covered!

With over 15 years of coding experience and 4+ years of trading experience, I specialize in TradingView's Pine Script programming language and I'm here to pass on everything I've learned about both trading and coding.

This lesson demonstrates how you can use Pine Script to create a regime filter. A regime filter is an indicator that analyzes a major index or market leading asset class, and tells you when the overall market is "healthy" or "unhealthy".

For example - maybe it turns green when the S&P500 is above a key moving average, and when it's green you trade other stocks in the S&P500 universe to the long side only.

MORE RESOURCES: 🔷 This Lesson's Source Code: https://courses.theartoftrading.com/pages/pine-script-mastery-code 🔷 My Blog: https://www.theartoftrading.com 🔷 My Free Indicators: https://zenandtheartoftrading.com/indicators/ 🔷 My Favorite Trading Books: https://zenandtheartoftrading.com/top-10-best-trading-books/ 🔷 My Favorite Trading Psychology Books: https://zenandtheartoftrading.com/trading-psychology/10-best-trading-psychology-books-of-all-time/ 🔷 My Trading Video Library: https://zenandtheartoftrading.com/video-library/

🎤 The Art of Trading Podcast: http://thetradingpodcast.com/

If you want more information about who I am and what I do, head over to https://zenandtheartoftrading.com/about.

▼Timestamps▼ 00:00 - Intro & Overview 01:43 - Getting User Input 02:20 - Define Custom Security Function 04:44 - Get Regime EMA Value 05:42 - Check Regime Filter 06:35 - Change Indicator Background Color 07:15 - Explanation & Examples 10:18 - Improving The Filter 10:39 - More Examples 13:45 - Conclusion & Outro #PineScript #TradingView #Indicator ... https://www.youtube.com/watch?v=MV61WcTkV54