What is the use of a ternary operator?

<p>The ternary operator is a concise way to write conditional statements compared to if-else statements. It condenses the logic into a single line of code, making it useful for simple conditions. In contrast, if-else statements provide more flexibility and can handle complex conditions and multiple code blocks.</p>

<p id="isPasted">In trading, a ternary operator is used for simplifying conditional logic within code for tasks like assigning a buy or sell action based on simple criteria. It provides a concise, single-line alternative to a traditional if-else statement, making code more readable and compact for straightforward conditions like assigning a variable or determining a trading action. &nbsp;</p><p>Assigning actions: It can be used to directly assign a "buy," "sell," or "hold" action to a variable based on price or other indicators. For example: action = (currentPrice &gt; movingAverage) ? 'buy' : 'sell';.&nbsp;</p><p>Setting variables: You can initialize a variable with one value if a condition is true, and another if it's false. This is useful for things like setting a default value for a missing price point.&nbsp;</p><p>Streamlining logic: It condenses a simple if-else structure into a single line, improving readability for simple conditions and reducing code verbosity.&nbsp;</p><p>When to use it: It's best for simple, clear conditions. For more complex logic with multiple nested conditions, an if-else statement is often more readable and maintainable.&nbsp;</p>