There are two ways to configure a label’s vertical position. But sometimes the function doesn’t seem to work: the label remains stuck at its old position. So the t_y() function updates a label to a different price coordinate.

# Why doesn’t my label move to a different location? then update its price coordinate t_y(myLabel, high) MyLabel = label.new( bar_index, high, color = color.black) Create a label and update its price coordinate The function’s default pattern is (TradingView, n.d.): # Default pattern of the t_y() functionīefore t_y() can update a label’s price, it needs to know two things: which label we want to modify, and what that label’s new price coordinate should be. With that function we can move a label vertically alongside the chart’s price axis. To change a label’s y-axis (price) coordinate we use the t_y() function (TradingView, n.d.). Once the label is made we can still update it. Each label is placed at the intersection of two coordinates. TradingView indicators and strategies place labels on the chart with the label.new() function. # Change a Pine Script label’s position with code

General features of TradingView’s t_y() function.

Example script: update a label to the current real-time price.

Why doesn’t my label move to a different location?.

Quick example: change price coordinate of TradingView label.

Change a Pine Script label’s position with code.

Enter current volume label