Price label drawing tools allow user to point out a specific price on the chart. Price label tool includes a text box which contains price and a "point" to pinpoint exact location.Price label tool is very similar to Balloon and Callout tools, with the difference that Price label always contains price inside.
In Style property dialog it is possible to change the appearance of a Price label drawn:
Sets the color, font size and opacity level for text of the price inside a label.
Sets the color and opacity level for label's background.
Sets the color and opacity level for label's border.
In Coordinates properties dialog you can set precisely the position of the Price label's point on the price scale (by setting the price) and the time axis (by setting the bar number):
In visibility properties dialog you can switch the Price label tool displaying on charts of different timeframes: