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Building Custom Indicators: Best Practices
2024-01-05 · 10 min read
Name the series and the alert
A good indicator brief names the series (close, HLC3), the lookback, and what should alert. Screenshots of 'I want it like this' are useful. Vague 'smart money' labels are not.
We keep drawing objects limited, cache higher-timeframe values, and avoid recalculating the entire history on every tick unless the logic needs it.
Two platforms means two implementations
If you need the same idea on TradingView and MT5, treat it as two implementations. Pine and MQL do not share a compiler. Conversion is a rewrite that matches logic, not a file rename.
Typical price band is ₹4,000–₹14,000. Most indicators ship in 3–10 days depending on alerts and multi-timeframe work.
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