Truncating Text by Character Amount

Is there a way to truncate text when it gets to a certain character length? I have a music track name line, but I want to prevent it from exceeding a certain character amount so it doesn't take up more than a certain width on the screen. Preferably, it would have an ellipses at the end if it met that character amount.


Limiting the text display can be achieved by selecting the Type property to Fixed Width and setting the Width property of the text object.

(see my screenshot)

Hope this helps.