This Pine Script v5 library provides functions to calculate and plot linear regression channels using sample point arrays. It evaluates paired X and Y arrays to calculate the regression slope, intercept, fitted values, maximum deviation, minimum deviation, and
Library · Pine Script v6 · Library
Skipp Labels
Skipp Labels is a Pine Script v6 helper library designed to assist with label creation and memory management on price charts.
GitHub stars1on the repository
Pine versionv6current
Lines of code28
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update2 days ago26 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new library, select all of the template text and paste. Press Save and give it a name.
- 4Publish or import itA library draws nothing. Publish it from the editor, then import its functions in your own scripts.
Source Code
28 lines of Pine Script v6 from pine/skipp_labels.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script® code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © preuss_steffen
//@version=6
library("skipp_labels", overlay = true)
// Last refreshed: 2026-07-03
// --------------------------------------------------
// Label text safety
// --------------------------------------------------
// @function Truncate label text to max length with ellipsis
export safe_label_text(string txt) =>
int _len = str.length(txt)
int _max = 120
_len > _max ? str.substring(txt, 0, _max) + "…" : txt
// --------------------------------------------------
// Capped label helpers
// --------------------------------------------------
// @function Create a label and push to capped buffer (oldest deleted on overflow)
export capped_label(label[] buffer, int x, float y, string txt,
string sty, color txtCol, color bgCol, int maxKeep, string sz = size.small) =>
label lbl = label.new(x, y, safe_label_text(txt), style = sty, textcolor = txtCol, color = bgCol, size = sz)
array.push(buffer, lbl)
if array.size(buffer) > maxKeep
label.delete(array.shift(buffer))
Overview
Skipp Labels exports functions for string safety and buffer control. The safe label text function truncates long strings to a maximum of 120 characters to maintain visual clarity. The capped label function creates new price labels while maintaining a size-limited array, automatically deleting the oldest labels when the buffer exceeds a set limit to manage chart object limits efficiently.
- Label text truncation utility
- Capped label buffer management
- Automatic label memory cleanup
Details
Published by
skipp-dev on GitHub
Code credit
preuss_steffen, as written in the script's header
Type
Library, Pine Script v6
Draws
Library (no plots)
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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