Binary operations and storing several numbers in one variable.
It's useful when you need to pass a values numbers to another study. Study-on-study (SOS) in Tradingview allows passing only one value, which is not always convinient. So if we put all those numbers in one - we can pass more values from one study to another.
In Pine we can use up to 52 bits for our data. Because of that we can put 6 1-byte (8-bit) values in one float. Or 12 4-bit values. Or 52 1-bit values.
... and don't forget the single var return from security :)
MichelT
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@michl, Oh, yes. But as far I know, it won't be a problem soon - security will be allowed to return a tuple.
theheirophant
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bravo, ingenious
yatrader2
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This is great, thank you!
Daveatt
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May I call you "sensei"? Brilliant
Daveatt
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@Daveatt, what could be the use cases for such a script?
Apart from passing output signals for buy/sell/close buy/close sell signals
Curious to know what are the general use cases you have in mind?
MichelT
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@Daveatt, the only I can thik of are passing values to another script and returning more values from the security function. Few times I met cases when people used too much variables in their scripts, so the scripts couldn't be compiled, because of restriction on amount of the variables. It might (franckly, I doubt, but it might) be a workaround for the restriction - putting together several variables to make a script working.