Candlestick High/Low Labels

📌 Indicator Name:
Candlestick High/Low Labels

🧠 Author:
Precious Life Dynamics (Precious_Life)

📋 Description:
The Candlestick High/Low Labels indicator highlights recent price extremes by placing labels above highs and below lows of previous candles.
Additionally, it displays a live OHLCV dashboard in the bottom-right corner, offering a quick overview of recent market data.

This tool is especially useful for:

Identifying support/resistance levels

Tracking candle behavior

Visualizing volume trends in context

⚙️ How It Works:

🔸 High/Low Labels:
Each of the most recent candles (based on Candle Lookback) is annotated as follows:

🔹 Red label above each candle’s high

🔹 Green label below each candle’s low

🔹 Price values are rounded (no decimals)

🔹 Labels are dynamically updated; old ones are removed

🔹 Label visibility can be toggled via the Show Labels input

🔸 OHLCV Dashboard:
A real-time data table appears in the bottom-right corner of the chart.
It displays the last N candles (based on Dashboard Lookback) with the following fields:

🔹 Candle Number (1 = most recent)

🔹 Open, High, Low, Close

🔹 Volume

🔹 Values are rounded for readability

🔹 White background with black text ensures high visual clarity

🔧 Customizable Inputs:

✅ Candle Lookback → Number of candles to label (default: 10)

✅ Show Labels → Toggle High/Low label display on/off

✅ Dashboard Lookback → Number of candles shown in the OHLCV table (default: 10)

🎯 Use Cases:

🔹 Identify recent price extremes and reaction zones

🔹 Spot dynamic support and resistance levels

🔹 Observe how candles behave at swing highs/lows

🔹 Monitor volume activity in relation to price

🔹 Use as a clean visual tool for scalping and intraday trading

📝 Notes:

🔹 This indicator is purely visual – it does not generate trade signals

🔹 Best suited for traders who value clear, real-time price structure feedback

Informacje o Wersji

Whats new?

Added option to reduce the font size of High/Low labels

Added setting to disable the green/red background color of the labels

These changes improve visual flexibility and allow for better integration into various chart styles

Skrypt open-source

W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.

Precious_Life

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Skrypt open-source

Precious_Life