Price note drawing tool

Application

The Price note drawing tool is a convenient annotation instrument that allows users to call out and display a specific price level directly on the chart. When placed, it automatically generates a text box containing the exact price value of the selected point, connected to that point by a line. This is highly useful for highlighting key support and resistance levels, specific entry or exit targets, and historical highs and lows.

To add a Price note, select the tool from the drawing panel. Click on the chart to anchor the specific price level you wish to highlight, then drag your cursor to position the text label and click a second time to lock it in place.

Style

In the Style properties dialog, it is possible to change the visual appearance of the Price note tool.

• Label text: Allows you to change the text color and font size for the price label. You can also choose to apply bold and/or italic formatting to the text.
• Label background: Allows you to change the background color and opacity level of the label box.
• Label border: Allows you to change the color and opacity level of the border surrounding the label box.
• Line color: Allows you to change the color and opacity level of the line connecting the text label to the specific price point on the chart.

Text

Allows you to type a custom note or description that will appear alongside the automatic price value within the label.

Coordinates

In the Coordinates properties dialog, you can set precisely the position of the tool's anchor point on the price scale (by setting the price) and the time axis (by setting the bar number):

• Price 1: Allows for the precise placement of the Price note's anchor point using a specific bar number and price.
• Price 2: Allows for the precise placement of the location of the note using a specific bar number and price.

Visibility

In the Visibility properties dialog, you can switch the Price note tool displaying on charts of different chart intervals.