This simple strategy demonstrates the use of Pine Script version 4 "label" feature to show status box.
This box can display anything, in this case it shows current market position, current profit and close price. It renders the box in green if profit is positive, red if negative and blue if neutral.
This indicator is meant to be used by our private trading group.
It allows you to plot complex Market Bias criteria, and it generates a context for the market state and fires Entry/Exit signals.
It includes customized alerts to ease its use in algo trading.