In Pine Script, creating a separate pane allows you to display multiple charts or indicators in a single window. This can be useful for comparing different data sets or viewing multiple time frames simultaneously. To create a separate pane, you can use the `newPane()` function. This function takes two arguments: the height of the new pane and the source of the data that will be displayed in the pane. For example, the following code creates a new pane that is half the height of the main pane and displays the moving average of the close price:
//@version=4study(“My Script”, overlay=true)// Create a new panenewPane(h=plot.height / 2)// Plot the moving average on the new paneplot(ma(close, 20), title=”Moving Average”, color=color.red)
