Is it possible to monitor P&L on the charts tab in Thinkorswim

It is possible to add a chart label to an individual chart. The chart label function is very basic.

You can read more here: http://toslc.thinkorswim.com/center/reference/thinkScript/Functions/Look---Feel/AddLabel.html

This single line of code will display a chart label in the upper left corner of the chart showing the current P/L for the symbol being charted:

AddLabel(yes, GetOpenPL(), Color.WHITE);

The key to this line of code is a function called GetOpenPL(). There are restrictions to what time frames are supported for this function. This function does not work in a custom watchlist column. You can read more details here: http://toslc.thinkorswim.com/center/reference/thinkScript/Functions/Portfolio.html

If you wanted the chart label to display the P/L of a symbol other than what is being plotted you can do this:

AddLabel(yes, GetOpenPL("AAPL"), Color.WHITE);

You just change the ticker symbol in quotes to something that is in your current account portfolio. In this way you could add multiple chart labels, one for each symbol. And you can update the text of the label to display the ticker symbol assigned to each:

AddLabel(yes, "APPL P/L $" + GetOpenPL("AAPL"), Color.WHITE);
AddLabel(yes, "AMZN P/L $" +GetOpenPL("AMZV"), Color.WHITE);

If you wanted the total combined P/L for all open positions you would need to add lines of code to get the P/L for each symbol, add those values together and display them in a chart label:

def positionOne = GetOpenPL("AAPL");
def positionTwo = GetOpenPL("AMZN");
def totalPL = positionOne + positionTwo;
AddLabel(yes, "Total P/L $" + totalPL, Color.WHITE);

As a homework assignment, I would like to see someone post the code required to show the P/L of an option position. Hint: you would use the OPRA code as the symbol. Let’s see if you can work out how to show the P/L for a complex spread like a calendar or butterfly.

Be sure to up-vote any answers that best solve your question!

Pete, awesome response! Thank you so much. I added that code to a new study and add it to a chart. The label appears in the upper left with a “N/A” but I am assuming that is because the market is closed? I’ll test it when the market is open. Thank you.

Pete, thank you for your help. The attached screen shot shows the time frame I am using (which seems to be in the list from the link you provided) and also the exact code I am using.

Since this technique does not work on PaperMoney, we have another way you can view current P/L data without leaving your charts. This method can only display current P/L data for a single ticker symbol at a time. The tool is called Active Trader and can be added to any of the cells within a Flexible Grid layout. See screenshot below for details on how to set one of the cells to active trader. Also attached is the settings view for the active trader showing available P/L elements to display.