AddLabel ( boolean visible , Any text , CustomColor color , int location , int size );
Default values:
color: Color.RED
location: Location.TOP_LEFT
size: FontSize.SMALL
Description
Adds a text label to the specified location on the chart. Note that you can also use this function to display some text in custom quotes (see example below).
Input parameters
| Parameter | Default value | Description |
|---|---|---|
| visible | - | Defines the condition upon which the label is displayed. |
| text | - | Defines the text to be displayed in the label. |
| color | Color.RED | Defines the color of the label. You can use a Color constant for this parameter. |
| location | Location.TOP_LEFT | Defines the location of the label. You can use a Location constant for this parameter. |
| size | FontSize.SMALL | Defines the font size of the label. You can use a FontSize constant for this parameter. |
Example
AddLabel(yes, if close > Average(close, 20) then "Uptrend" else "Downtrend", location = Location.TOP_RIGHT, size = FontSize.X_LARGE);
Displays a label in the top-right corner of the chart using the extra large font size. The label shows "Uptrend" if the close price is greater than its 20-bar average, and "Downtrend" otherwise. If used in Custom Quotes, the words "Uptrend" or "Downtrend" will appear in the quote cell based on the same condition.
Note: When AddLabel() calls another function, e.g., AddLabel(yes, "GetDividend: " + GetDividend()); -- it only uses the value of that function at the last real bar. So in this example, if the last real bar does not contain any dividend announcement, the value will be N/A.