AddLabel ( boolean visible , Any text , CustomColor color , int location );
Default values:
color: Color.RED
location: Location.TOP_LEFT
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 condition upon which the label is displayed. |
| text | - | Defines text to be displayed in the label. |
| color | Color.RED | Defines color of the label. |
| location | Location.TOP_LEFT | Defines location of the label. |
Example
AddLabel(yes, if close > Average(close, 20) then "Uptrend" else "Downtrend", location = Location.TOP_RIGHT);
Displays a label in the top-right corner of the chart with the text "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.