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Operator [other Operator type actions]
Query [operators of similar scope]
Query Boolean [other Query Boolean operators]
Baseline
The pipe, |, is used in queries and conditional statements as a logical OR join. Thus:
if ($HasStock == true | $Price > 20) {$Badge="ok";}
The note's $Badge is only set if either the first or the second argument are true.
See also the AND join and conditional statements using multiple arguments.