Bar Numbering Relative to the Current Candle and Chart Start

Summary

This chart indicator labels each candle with two position counts: its distance from the current candle and its index from the beginning of the chart. The relative count appears above the candle, while the absolute count appears below it; absolute numbering begins at zero. These labels can help traders orient themselves within a chart and refer to bars consistently when examining price patterns or discussing indicator logic.

The description emphasizes implementation efficiency: the script creates labels only for bars visible in the chart and removes labels when they are no longer in view. It also describes the script as lightweight and modifiable. The document gives no trading strategy, performance evidence, or guidance on interpreting particular bar counts as signals. It is a charting utility rather than a method for generating or validating trades.

Key ideas

• The indicator labels each candle by its distance from the current bar and by its position from the chart’s start.
• Relative bar counts appear above candles, while absolute counts appear below.
• Absolute numbering starts at zero.
• The script limits drawing to visible chart bars to reduce unnecessary objects.
• The document describes a charting aid and provides no trade signals or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.