label.new() function

Question 1

What does the text argument in the label.new function control in Pine Script?

a) The style of the label.
b) The text displayed within the label.
c) The color of the label.
d) The width of the label.

Answer 1

Answer: b) The text displayed within the label.

Explanation: The text argument in the label.new function is used to define the text that will be displayed within the label.

Question 2

In Pine Script, what is the role of the xloc and yloc arguments in the label.new function?

a) To specify the location of the label’s text.
b) To determine the label’s color.
c) To set the x and y coordinates of the label’s position on the chart.
d) To control the transparency of the label.

Answer 2

Answer: c) To set the x and y coordinates of the label’s position on the chart.

Explanation: The xloc and yloc arguments in the label.new function are used to set the x and y coordinates of the label’s position on the chart.

Question 3

What is the purpose of the color argument in the label.new function in Pine Script?

a) To specify the color of the label’s text.
b) To define the style of the label.
c) To determine the size of the label.
d) To control the transparency of the label.

Answer 3

Answer: a) To specify the color of the label’s.

Explanation: The color argument in the label.new function is used to specify the color of the label’s text.

Question 4

Which argument in the label.new function allows you to set the style of the label in Pine Script?

a) textcolor
b) style
c) size
d) tooltip

Answer 4

Answer: b) style

Explanation: The style argument in the label.new function is used to set the style of the label, such as bold, italic, etc.

Question 5

What does the textcolor argument in the label.new function control in Pine Script?

a) The style of the label.
b) The color of the label’s text.
c) The width of the label.
d) The transparency of the label.

Answer 5

Answer: b) The color of the label’s text.

Explanation: The textcolor argument in the label.new function is used to specify the color of the label’s text.

Question 6

Which argument in the label.new function allows you to specify the size of the label in Pine Script?

a) size
b) xloc
c) textalign
d) tooltip

Answer 6

Answer: a) size

Explanation: The size argument in the label.new function is used to specify the size of the label’s text.

Question 7

What is the primary function of the textalign argument in the label.new function in Pine Script?

a) To determine the label’s text color.
b) To specify the alignment of the label’s text (left, center, or right).
c) To set the x and y coordinates of the label’s position.
d) To control the transparency of the label.

Answer 7

Answer: b) To specify the alignment of the label’s text (left, center, or right).

Explanation: The textalign argument in the label.new function allows you to specify the alignment of the label’s text, such as left, center, or right.

Question 8

What does the tooltip argument in the label.new function control in Pine Script?

a) The style of the label.
b) Whether a tooltip with additional information is displayed when the label is hovered over.
c) The color of the label’s text.
d) The width of the label.

Answer 8

Answer: b) Whether a tooltip with additional information is displayed when the label is hovered over.

Explanation: The tooltip argument in the label.new function controls whether a tooltip with additional information is displayed when the label is hovered over on the chart.

Question 9

Which argument in the label.new function allows you to specify the font family for the label’s text in Pine Script?

a) text_font_family
b) color
c) style
d) textcolor

Answer 9

Answer: a) text_font_family

Explanation: The text_font_family argument in the label.new function allows you to specify the font family for the label’s text.