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.