Limit the number of character in tinyMCE

Question

Im using tinyMCe for my project.Everything is working fine but now i want to restrict the number of character that will be insert into tinyMce text

Answer 1

Answers above were great! I've made a small amendment so that we can set max_chars by adding it as an attribute to textarea element itself

setup : function(ed) {
        ed.onKeyDown.add(function(ed, evt) {
            //if ( $(ed.getBody()).text().length+1 > ed.getParam('max_chars')){
            if ( $(ed.getBody()).text().length+1 > $(tinyMCE.get(tinyMCE.activeEditor.id).getElement()).attr('max_chars')){
                evt.preventDefault();
                evt.stopPropagation();
                return false;
            }
        });
    }