Can I have text on top of each bar?

 

At the top of this page, there is a figure showing prices above and below each bar:

https://docs.mql4.com/constants/objectconstants/enum_object/obj_text


I am a newbie at MQL4 and reading that code is still hard for me. It seems that you can't anchor text on top of specific bars. If I understand that code correctly, the text is placed on the last bar and all the others are pushed/spaced to the left, and deleted/redrawn whenever a new bar is generated. Is my interpretation correct?

Reason: