BEST Multicolor Supertrend InfoPanel — Indicator by Daveatt

volatility trendanalysis breadthstudies supertrend trailingstop daveatt panel labels label colored multitimeframe mtf

Hello traders

Today is a Pinescript hack to display multiple colors in one label.
I used that panel to show the Supertrend Long Term values (weekly, monthly, quarterly, yearly)

What is a Supertrend?

Definition: SuperTrend is an indicator that works on all timeframes and all instruments (stocks, futures, forex, ...). It is a great tool to follow market trends and optimizes your profits.
SuperTrend evolves below or above the prices depending on the trend. You can use it as an exit position indicator when its direction changes. You can also use it to place your stops.

So.... the hack is?

The hack is about creating a new label for each line - versus creating just one label containing the whole text

Best regards,
Dave

👨‍💻 Pine Script developer for hire

⭐️ Listed as "TradingView Trusted Pine Programmer"

📧 dave@best-trading-indicator

Telegram: Daveatt

⏩ Course: best-trading-indicator.com/pages/concepts

Twitter: twitter.com/bti_trading

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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