Variable
Declares one or more names as variables; specifies the initial value, variable type, update basis, and data number for each variable. Variables can be numerical, string, or true/false.
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Example
Declare Avg. as a numerical variable with the initial value of 20:
Variable:Avg.(20);
Declare Max as a numerical variable, updated on every tick, with the initial value of 100:
Variable:IntraBarPersist Max(100);
Declare Min_Price as a numerical variable, tied to the series with Data #2, and the initial value equal to the value of Close function:
Variable:Min_Price(Close,Data2);
Declare Overnight as a true/false variable with the initial value of False, and Name as a string variable with the initial value of "Intra-Day":
Variable:Overnight(False),Name("Intra-Day");