instrument

Syntax Format

instrument(name, overlay)

Overview

This instrument function declares the basic parameters of the indicator, such as a name and a position on the chart. The function should be called only once at the beginning of the script.

Parameters

Parameter	Type	Purpose
name	string	Name of the instrument (indicator). It is considered best practice to give an instrument a logically coherent name, which corresponds to its purpose. The full name is used in the indicator’s settings
overlay	boolean	Position of the indicator regarding the chart.  If true – the indicator is an overlay for the asset chart.  If false – the indicator has its separate chart below the asset chart (i.e., Volume Oscillator)
Also, you can use additional parameters:
description	string	Description of the indicator and its position below the chart, in case you chose the String format. If the value is boolean, then the indicator will overlay on the chart.
icon_or_overlay	string or boolean	Icon of the indicator and its position below the chart, in case you chose the String format. If the value is boolean, then the indicator will overlay on the chart.

Example

instrument { name = "Darvas Box", overlay = true }