How to plot a value on its own scale rather than over price
Pass overlay = false in the indicator declaration. The script then gets its
own scale instead of being drawn against price.
indicator(const string title, const string shorttitle, const bool overlay, const string format, const int precision) → voidindicator("Bar range", "range", false)
plot(high - low, title = "Range", color = color.blue)overlay is the third parameter, so it can go by position as above, or by
name.
indicator("Relative strength", overlay = false)
plot(talib.rsi(close, 14), title = "RSI", color = color.blue)Every argument of indicator is const. A value from an input function
carries the input form, which is wider than const, so you cannot let the
reader switch the overlay from the chart.
If one plot should sit over price while the rest do not
The script-wide setting and a single plot’s are separate switches. plot takes
a force_overlay argument that sets that one plot’s overlay by itself.
plot(close, title = "Close", force_overlay = true)Seven functions take it, and no others: plot, plotarrow, plotbar,
plotcandle, plotchar, plotshape and bgcolor. barcolor, fill and
hline do not.
Rounding the numbers on the scale
indicator also takes format and precision, both const. This edition
does not document what values format accepts, so set it only if you already
know the value you want.
See Plotting.