CODEWITHSUNDEEP
pine-scriptpine-script-v5
Vendrel
Vendrel

Reputation: 987

How to remove the previous (or nth previous) label?

I'm trying to implement an answer of this question, but somehow no labels are displayed nor a single error message. Outside this code, all the bunch of labels are displayed so the label.new() instance itself works well.

What do I do wrong?

var label HighRSILabel = na

if(rsi > 70)
    if(na(HighRSILabel)) //Does not exist, create one
        HighRSILabel := label.new(bar_index, high, color=color.orange, text="RSI", textcolor=color.black, tooltip="RSI > 70", style=label.style_label_down)
    else
        label.set_x(HighRSILabel, bar_index)

Upvotes: 0

Views: 581

Answers (1)

Marcus Cazzola
Marcus Cazzola

Reputation: 333

Are you sure your symbol(e.g. BTCUSD) ever hit 70 rsi? Because if it never hit 70 rsi no label will be created. I tried your code with the symbol DOTEUR (1day) and it works as it should. tradingview image

You can use tradingviews "<<Replay" function to see how the label moves through time for easier debugging. gif of playedback indicator

Here is the code:

//@version=5
indicator("rsi last")

var label HighRSILabel = na

rsi = ta.rsi(close, 10)

plot(rsi)
hline(70)
hline(30)

if(rsi > 70)
    if(na(HighRSILabel)) //Does not exist, create one
        HighRSILabel := label.new(bar_index, rsi, color=color.orange, text="RSI", textcolor=color.black, tooltip="RSI > 70", style=label.style_label_down)
    else
        label.set_x(HighRSILabel, bar_index)

Upvotes: 1

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