How To Color The Background?

Yaser Rahmati | یاسر رحمتی

Goals

• The script sets up an indicator named "Background Color" that overlays on the main price chart.

• It changes the chart's background color to a semi-transparent orange.

• It plots the closing prices of the asset on the chart.

Pine Script Code:

//@version=5
indicator("Background Color", overlay=true)

bgcolor(color.new(color.orange, 75))
plot(close)

Code Output

Explanation:

1. Version Declaration:

//@version=5

• This line specifies that the script uses Pine Script version 5, which is the latest version of Pine Script used in TradingView.

2. Indicator Declaration:

indicator("Background Color", overlay=true)

• This line declares a new indicator with the name "Background Color".

• overlay=true means that the indicator will be plotted on the same chart as the price data (candlestick chart) rather than in a separate pane.

3. Background Color:

bgcolor(color.new(color.orange, 75))

• This line sets the background color of the chart to a semi-transparent orange.

• color.new(color.orange, 75) creates a new color object with the base color orange and an alpha value of 75. Alpha values range from 0 (fully transparent) to 100 (fully opaque), so an alpha of 75 makes the orange color somewhat transparent.

4. Plot Closing Price:

plot(close)

• This line plots the closing price of the asset. The close variable is a built-in variable in Pine Script that represents the closing price of each bar (candle).

Keywords

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