Colors are most vibrant on the "Black Chart" which is the default, but it doesn't currently exist as a chart theme. With the extreme luminous intensity of LCDs in millicandela( mcd ), you may notice "Light" charts may saturate the colors making charts challenging to analyze. Because of this, I personally use "Dark Charts" and design my indicators for these. I hope this provides inspiration for the future developers who are contemplating the creation of next generation indicators and how color may enhance their usefulness.
For those of you who are new to Pine Script, this also may help you understand color hex and how it is utilized in Pine in a most effective manner. I would like to see Tradingview become the go to platform for the most vibrantly colored indicators attainable with this contribution to the TV community. If you wish to contribute additional ideas, please do so below in the comments about all things colorful in Pine.
Features List Includes:
"Line Width" adjustment
Chart Theme Simulator with additional background colors
Ability to enable/disable displayed alternative colors and Pine built-in colors
"Pine Built-in Transparency" selection
NOTICE: Copy pasting bandits who may be having nefarious thoughts, DO NOT attempt this, because this may violate Tradingview's terms, conditions and/or house rules. "WE" are always watching the TV community vigilantly for mischievous behaviors and actions that exploit well intended authors for the purpose of unscrupulously increasing brownie points in reputation scores. Hiding behind a "protected" wall may not protect you from investigation and account penalization by TV staff. Be respectful, and don't just throw a meaningless feature in there branding it as "your" gizmo. Fair enough? Alrighty then... I firmly believe in "innovating" future state-of-the-art indicators, and please contact me if you wish to do so.
The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. If you do have any questions or comments regarding this indicator, I will consider your inquiries, thoughts, and concepts presented below in the comments section, when time provides it. When my indicators achieve more prevalent use by TV members , I will implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
#2 - Provided text color selection for the labels
#3 - A few other code modifications when I ran out of label.new() when trying to provide labels for every color
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.
Very use full indeed :)
completely underrated ... in my view