OPEN-SOURCE SCRIPT
Mod and Round To Tick Function
Updated
I have not found this function anywhere on Tradingview but it can be very useful in setting orders in a strategy and non-integer boundaries for certain indicator designs. Its a bit underwhelming, but in other languages you can call a mod() function and the output will be the remainder of the integer.
If you want to set an order at a specific tick value, particularly in futures, you can't set it at a specific tick when using calculated values like ATR or Standard Deviation without a function like this.
It can also be used to clean up certain band/envelope style indicators if you want to have a straight line, but don't want to simply round to an integer.
Credit for the round to tick aspect goes to the eternal fountain of resources, the Backtesting & Trading Engine [PineCoders] script from PineCoders
This is just another tool to throw in the box for when you might need it.
If you want to set an order at a specific tick value, particularly in futures, you can't set it at a specific tick when using calculated values like ATR or Standard Deviation without a function like this.
It can also be used to clean up certain band/envelope style indicators if you want to have a straight line, but don't want to simply round to an integer.
Credit for the round to tick aspect goes to the eternal fountain of resources, the Backtesting & Trading Engine [PineCoders] script from PineCoders
This is just another tool to throw in the box for when you might need it.
Release Notes
Update to v5... I thought I did that already... guess not. =) We got it now. Its pretty much irrelevant now because of math.round_to_mintick() But the code still works. If you are putting it to a string you can use str.tostring(x, format.mintick) to make it so your decimal places display consistently even if they are zeros. It looks a lot better.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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