This is a simple label type indicator to help assist in creating a colour scheme for orderblocks which are created using technical analysis and the rectangle tool on TradingView.
It has a dark mode and a light mode. By default it is set for black backgrounds, if you have a white background, go into it's settings and untick the dark mode.
It has instructions for timeframes and colours to use.
It will default show to the right of current price, depending on zoom scale and timeframe, is how far away/close.
it is based around ROYGBIV colours.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
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.