Price Action Matrix Labels
Price Action Matrix turns your chart into a real-time market dashboard. It displays key trading signals such as TTM Squeeze momentum, ATR volatility, and session performance while also showing color-coded percentage movement from the open, the day, and the week. Instead of scanning multiple indicators or manually calculating session movement, traders can instantly see which stocks are strong, weak, expanding in volatility, or preparing for breakout conditions.
Overview
Watch the walkthrough to see how Price Action Matrix compresses multiple market signals into one clean dashboard so traders can quickly read momentum, volatility, and price performance without cluttering the chart.
Benefits
When traders monitor multiple stocks during the day, quickly understanding which symbols are strong and which are weak becomes critical. ThinkorSwim does not provide a simple way to visualize percentage movement from the open directly on the chart.
Price Action Matrix solves this by placing color-coded performance labels directly on the chart.
When monitoring several charts at once, the labels act like a market strength matrix. Traders can immediately identify which stocks are moving strongly, which are weak, and which are relatively neutral.
Core Features
Price Action Matrix displays color-coded percentage movement from three important reference points: the open, the current day, and the weekly session. These labels allow traders to quickly see how a stock is performing relative to the start of the session and the broader market move.
This information becomes especially powerful when viewing multiple charts at the same time because it provides an instant overview of which symbols are gaining strength and which are losing momentum.
The indicator integrates TTM Squeeze logic to help identify compression and expansion phases in price movement. When volatility compresses, the indicator tracks the squeeze and displays signals that help traders recognize potential breakout conditions.
Once the squeeze fires, the labels track the expansion phase so traders can quickly understand whether momentum is building or fading.
Price Action Matrix also displays Average True Range directly on the chart. ATR helps traders understand how much a stock typically moves and whether current price movement is expanding or contracting.
Having this information is valuable in many ways. One of the ways that a lot of traders use this information is to help set stop losses for different symbols.
Every label within the indicator can be turned on or off individually. Traders can choose to display squeeze signals, ATR values, session performance labels, weekly percentage movement, ticker labels, price labels, and spread information.
This flexibility allows Price Action Matrix to function either as a full trading dashboard or as a minimal signal display depending on how much information the trader wants to see.
Price Action Matrix can display the current bid-ask spread directly on the chart. This shows the dollar or cent difference between the current bid and ask prices, allowing traders to quickly evaluate liquidity and trading conditions.
This becomes especially useful for stocks with wider spreads or when trading during pre-market and after-hours sessions when spreads often expand. By seeing the spread directly on the chart, traders can quickly decide whether the stock is suitable to trade or whether liquidity conditions may make execution more difficult.