WelcomeUDT

█  OVERVIEW
This is a simplest example of user-defined types (UDT) or objects, which simplify as alternative to hello world.

█  CREDITS
Tradingview

█  USAGE
These are the types used during initializations, commonly variables.

Pine Script®

Example of library function to print out label.

Pine Script®

Usage of types

Pine Script®

Alternative way to write types

Pine Script®

Usage of types into custom function / library function.

Pine Script®

printLabel(Settings)
  Print out label
  Parameters:
    Settings: types
  Returns: Label object

Settings
  Initialize type values
  Fields:
    bar: X position for label
    price: Y position for label
    phrase: Text for label
    bg: Color for label
    variable: Boolean for enable new line and delete line