Price Label

The Price Label tool places a price value annotation directly on the chart, typically on a horizontal line or at the edge of the price scale. It is the simplest way to mark exact support or resistance levels, targets, and stop-loss prices. The label displays the numeric price value in a colored box with an optional horizontal reference line that extends across the chart, turning a simple number into a visible level that is easy to trade against. Unlike the Horizontal Line tool which draws a full line, the price label can exist as a standalone level marker without the continuous line.

Unlike a full horizontal line, a price label is minimal — just the value and an optional short label string — keeping the chart clean while providing exact price information at a glance. The label snaps to the y-axis, making it easy to align with the price scale. You can drag it vertically to adjust the level or enter an exact value in the settings panel for precise placement at specific price levels like Fibonacci extensions or measured move targets. The label remembers both the displayed value and the actual chart position so they stay synchronized.

Price labels display the price value you enter — they do not auto-update based on chart data. This means you can set a label at any level regardless of whether price has traded there. The optional horizontal line adds visual context by extending the level across the chart, turning it into a reference line with a label attached. When the horizontal line is enabled with full-width extension, the label functions similarly to a horizontal line tool but with the added benefit of displaying the exact price number inline for instant recognition.

Price labels are the most frequently used annotation tool for many traders because they solve a fundamental problem: remembering exact price levels. Rather than scanning the y-axis to approximate a level, a price label gives you the exact value in a format that is always visible in your visual field. This is especially valuable during fast-moving markets where every second counts and reading the y-axis scale requires refocusing your eyes away from the price action.

1. 1
   Select Price Label

   Click the Price Label tool in the annotation toolbar.
2. 2
   Click the price level

   Click at the y-axis level where you want the label, or click on the chart body at the desired price. The label snaps to that price level.
3. 3
   Edit the price (optional)

   Double-click the label to adjust the displayed price value directly. This is useful if the automatic snap does not land on your desired round number.
4. 4
   Add a name (optional)

   Enter a descriptive label in the settings panel to identify the level (e.g. "Resistance", "Target 2").
5. 5
   Toggle the line

   Show or hide the horizontal reference line from the settings panel. Enable full chart width for important levels.
6. 6
   Adjust precision

   Set the decimal precision to match your market convention. Forex typically uses 4–5 decimals, stocks use 2.

The relationship between label color and line color affects readability. If the label and line colors match, the label appears as part of the line and reads as a single level annotation. If the colors differ, the label stands out as a separate element and draws more attention to the price value itself. For most use cases, matching colors creates the cleanest visual result.

• Key structural levels — mark prior highs, prior lows, round numbers, and order blocks with exact price values for quick reference during live trading. The label eliminates any guesswork about the exact level value.
• Take-profit and stop-loss labels — label multiple partial take-profit levels (TP1, TP2, TP3) with distinct colors for multi-target trade plans. Each label shows the exact exit price and target number.
• Support and resistance zones — place price labels at key S/R levels. Using red for resistance levels and green for support levels creates an instantly recognizable visual code that requires no legend to interpret.
• Round-number levels — highlight psychologically significant levels like 1.3000 for EUR/USD or 5000 for the S&P 500. These levels often act as magnet zones where price reacts regardless of technical analysis.
• Entry price reminders — mark your entry price on the chart after entering a trade so you can track floating P&L at a glance without checking your platform or calculator.
• Multi-target trade plans — create a ladder of price labels showing each target level with its corresponding R:R ratio. This creates a complete visual trade plan that is easy to follow during live trading.
• Previous day/week close levels — mark the previous day or week close as a reference level for understanding whether the current session is bullish or bearish relative to prior value.

Different markets require different decimal precision for price labels. Forex pairs are typically quoted to 5 decimal places (1.12345) but round-number levels use 2–3 digits (1.1200, 1.1250). Stock indices use 2 decimal places or 0 for round numbers (5000, 4500). Cryptocurrencies vary widely: Bitcoin to 2 decimals, altcoins to 4–8 decimals for precision. Setting the decimal precision to match the market convention ensures maximum clarity and professional presentation.

Round-number levels are the most important price levels to mark with labels. These levels (1.1000 for EUR/USD, 5000 for S&P 500, 30000 for Bitcoin) act as psychological support and resistance because options barriers, institutional order flow, and retail stop orders cluster at round numbers. Marking them with price labels ensures they are always visible regardless of the y-axis range currently displayed. Round-number labels should use the highest contrast color scheme in your annotation palette.

A well-organized trade plan uses price labels to create a visual ladder of levels. At the bottom (or top for shorts), place the entry price label. Above it, place the first take-profit level labeled TP1 with its R:R ratio. Above that, TP2, and so on. Above all targets, place the maximum extension level. Below the entry, place the stop-loss level. The resulting ladder should be readable at a glance: entry in blue, targets in green, stop in red.

For scaling out of positions, assign each take-profit level a percentage of the full position. Label TP1 as "TP1 (50%) +1:2", TP2 as "TP2 (30%) +1:3", and TP3 as "TP3 (20%) +1:5". This creates a complete trading plan on the chart that communicates not just the price levels but the position management strategy. When reviewing the trade later, the labels tell the full story of how the trade was managed without additional notes.

• 1.Price label and horizontal line tools — TradingView Help
• 2.Technical Analysis of Financial Markets — John J. Murphy
• 3.Trading Price Action Trends — Al Brooks
• 4.The Visual Investor — John J. Murphy
• 5.Market Wizards — Jack D. Schwager
• 6.Position Sizing and Trade Management — Trading reference