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💪 #tip
Functions and built-ins used in `if` or ternary (`?`) blocks

An important change to the way conditional statement blocks are evaluated was introduced with v4 of Pine. Many coders are not aware of it or do not understand its implications. This User Manual section explains the change and provides a list of exceptions for functions/built-ins which are NOT affected by the constraints. We'll explain what's happening here, and how to avoid the problems caused by code that does not take the change into account.

This is what's happening:
🔷 1. Starting in Pine v4, both blocks of conditional statements are no longer executed on every bar. By "both blocks", we mean the part executed when the conditional expression evaluates to true, and the one (if it exists) to be executed when the expression evaluates to false.
🔷 2. Many functions/built-ins need to execute on every bar to return correct results. Think of a rolling average like sma() or a function like highest(). If they miss values along the way, it's easy to see how they won't calculate properly.

This is the PineCoders "If Law":
🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸 🔸🔸🔸
Whenever an if or ternary's (?) conditional expression can be evaluated differently bar to bar, all functions used in the conditional statement's blocks not in the list of exceptions need to be pre-evaluated prior to entry in the if statement, to ensure they are executed on each bar.
🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸

While this can easily be forgotten in the creative excitement of coding your latest idea, you will save yourself lots of pain by understanding and remembering this. This is a major change from previous versions of Pine. It has far-reaching consequences and not structuring code along these lines can have particularly pernicious consequences because the resulting incorrect behavior is sometimes discrete (appearing only here and there) and random.

To avoid problems, you need to be on the lookout for 2 conditions:
🔷 Condition A)
A conditional expression that can only be evaluated with incoming, new bar information (i.e., using series variables like close). This excludes expressions using values of literal, const, input or simple forms because they do not change during the script's execution, and so when you use them, the same block in the if statement is guaranteed to execute on every bar. [Read this if you are not familiar with Pine forms and types.]
🔷 Condition B)
When condition A is met, and the if block(s) contain(s) functions or built-ins NOT in the list of exceptions, i.e., which require evaluation on every bar to return a correct result, then condition B is also met.

In this FAQ & Code entry you will see an example where an apparently inoffensive built-in like vwap is used in a ternary. vwap is not in the list of exceptions, and so when condition A is realized, it will require evaluation prior to entry in the if block. You can flip between 3 modes: #1 where condition A is fulfilled and #2 and #3 where it is not. You will see how the unshielded value ("upVwap2" in the thick line) will produce incorrect results when mode 1 is used.



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💪 #tip
Functions and built-ins used in `if` or ternary (`?`) blocks

An important change to the way conditional statement blocks are evaluated was introduced with v4 of Pine. Many coders are not aware of it or do not understand its implications. This User Manual section explains the change and provides a list of exceptions for functions/built-ins which are NOT affected by the constraints. We'll explain what's happening here, and how to avoid the problems caused by code that does not take the change into account.

This is what's happening:
🔷 1. Starting in Pine v4, both blocks of conditional statements are no longer executed on every bar. By "both blocks", we mean the part executed when the conditional expression evaluates to true, and the one (if it exists) to be executed when the expression evaluates to false.
🔷 2. Many functions/built-ins need to execute on every bar to return correct results. Think of a rolling average like sma() or a function like highest(). If they miss values along the way, it's easy to see how they won't calculate properly.

This is the PineCoders "If Law":
🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸 🔸🔸🔸
Whenever an if or ternary's (?) conditional expression can be evaluated differently bar to bar, all functions used in the conditional statement's blocks not in the list of exceptions need to be pre-evaluated prior to entry in the if statement, to ensure they are executed on each bar.
🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸

While this can easily be forgotten in the creative excitement of coding your latest idea, you will save yourself lots of pain by understanding and remembering this. This is a major change from previous versions of Pine. It has far-reaching consequences and not structuring code along these lines can have particularly pernicious consequences because the resulting incorrect behavior is sometimes discrete (appearing only here and there) and random.

To avoid problems, you need to be on the lookout for 2 conditions:
🔷 Condition A)
A conditional expression that can only be evaluated with incoming, new bar information (i.e., using series variables like close). This excludes expressions using values of literal, const, input or simple forms because they do not change during the script's execution, and so when you use them, the same block in the if statement is guaranteed to execute on every bar. [Read this if you are not familiar with Pine forms and types.]
🔷 Condition B)
When condition A is met, and the if block(s) contain(s) functions or built-ins NOT in the list of exceptions, i.e., which require evaluation on every bar to return a correct result, then condition B is also met.

In this FAQ & Code entry you will see an example where an apparently inoffensive built-in like vwap is used in a ternary. vwap is not in the list of exceptions, and so when condition A is realized, it will require evaluation prior to entry in the if block. You can flip between 3 modes: #1 where condition A is fulfilled and #2 and #3 where it is not. You will see how the unshielded value ("upVwap2" in the thick line) will produce incorrect results when mode 1 is used.

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Should You Buy Bitcoin?

In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. “The biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. “Then it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ “side” investments. “Some call it a Vegas account,” says Scott Hammel, a CFP in Dallas. “Let’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. “If it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.

How Does Bitcoin Work?

Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks that contain information about each and every transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks. “Once a block is added to the blockchain, it becomes accessible to anyone who wishes to view it, acting as a public ledger of cryptocurrency transactions,” says Stacey Harris, consultant for Pelicoin, a network of cryptocurrency ATMs. Blockchain is decentralized, which means it’s not controlled by any one organization. “It’s like a Google Doc that anyone can work on,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. “Nobody owns it, but anyone who has a link can contribute to it. And as different people update it, your copy also gets updated.”

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