Indicator · Pine Script v5 · Own pane

Price Action Candles

by g-moe· code credited to goodgains

Price Action Candles is a Pine Script v5 indicator that keeps a running integer and draws a text label on every bar.

View on GitHub

GitHub stars3on the repository
Pine versionv5runs as is
Lines of code12
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

12 lines of Pine Script v5 from Tradingview/price-action-candles-v11.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

price-action-candles-v11.pine
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
indicator("Price Action Candles")

// @keywords: price-action, trade-counter, bar-label, debug-counter, increment-label, simple-indicator, bar-index, close-label, version-eleven, minimal-script, label-new, trade-count, overlay-panel, counter-display, basic-label, price-label, barstate, test-script, placeholder, counter-tracker

var int trade_count = 0
trade_count := true ? nz(trade_count[1],0) + 1 : trade_count[1]
label.new(bar_index, close, text=str.tostring(nz(trade_count, trade_count[1])))

Overview

Each bar adds one to the previous count, then places a new label at that bar's index and close showing the number. There are no user inputs, no candle-pattern checks, and no buy or sell signals. It draws in a separate pane and does not set entries, exits, stops, or position size.

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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