HLine Labels

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © ZenAndTheArtOfTrading.com
// @version=4
study("HLine Labels", overlay=true)

// Plot HLine
hlPrice = 1.00
hl = hline(hlPrice)

// Check if candle touches HLine
touchesHL = low <= hlPrice and high >= hlPrice

// Draw label only if candle touches HLine
myLabel = touchesHL ? label.new(bar_index, high, text="Touch!", tooltip="Touches " + tostring(hlPrice), style=label.style_label_down, color=color.blue, textcolor=color.white, size=size.small) : na