Acceleration Bands were created by Price Headley and are mentioned in his book Big Trends in Trading.
Acceleration Bands use a period of 20 bars by default, to create an envelope of 2 lines.
Actions & Properties
Add Technical Alert: When selected a Technical Alert will be created for the selected security.
Add to Toolbar: Click this action to add the selected Acceleration Bands to your custom toolbar.
Apply Settings to All: When multiple Acceleration Bands tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as hiding or adding levels - as this allows all the other Acceleration Bands tools in the chart, page or entire workbook to be updated instantly.
Copy Data to Clipboard: Will copy the tool's values to the clipboard which can then be inserted into a spreadsheet, for example, allowing for further analysis.
Copy Tool: Allows you to copy the selected Acceleration Bands, which can then be pasted onto a different chart window.
Move to Back: This option allows the selected item to be positioned behind the chart.
Move to Front: This option allows the selected item to be positioned in front of the chart.
Restore Default Settings: Click this action if you have adjusted the default settings of the Acceleration Bands, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the Properties (colour, for example) you can save the adjustments as your new default setting. Each time the Acceleration Bands are applied to a chart, the tool will display using the new settings.
Delete: Delete the Acceleration Bands from the chart.
Tool Name: Allows you to adjust the name of the tool, as it's displayed in the Structures Panel.
Bars: The number of bars that are used in the calculation of the Acceleration Bands.
Calc Style: This option is used to set the type of calculation for the Acceleration Bands. The calculation options are Exponential, Simple, Weighted, Smoothed, Modified or McGinley.
Upper Band: Expands to display the line properties of the upper band. The following properties can be adjusted:
- Plot Style - Adjusts the display style of the Upper Band of the Acceleration Bands tool. There are 6 options available: Line, Dot, Histogram, Step, Shaded, Shaded Step.
- Line Style - When Line is selected as the Plot Style, the Line Style property allows you to adjust the type of line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, and Stippled.
- Line Width - Allows you to adjust the width of the Upper Band of the Acceleration Bands tool. Moving the slider bar to the right increases the thickness of the line.
- Line Colour - Allows you to adjust the colour of the Upper Band of the Acceleration Bands tool.
- Fill Up / Down Barrier - When the Plot Style is set to Shaded you are able to adjust the barrier value. The default value is 0.00.
- Fill Up Colour - When the Plot Style is set to Shaded you are then able to alter the Fill Colour for the tool.
- Fill Down Colour - When the Plot Style is set to Shaded you are then able to alter the Fill Colour for the tool.
- Fill Transparency - When the Plot Style is set to Shaded you are then able to adjust the shading transparency. Moving the slider to the left will increase the transparency of the shading.
- Visible - Un-tick this checkbox to hide the Upper Band of the Acceleration Bands from the chart.
Lower Band: Expands to display the line properties of the Lower Band. The properties are identical to those listed in the Upper Band.
Offset: Moves the tool forward or backwards in time. The offset is measured in bars, so a value of 2 will push the tool forward 2 bars and -2 will move the tool back 2 bars.
Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool.
Visible: Un-tick this checkbox to hide the tool from the chart.
Show In Price Scale: When selected the current upper and lower band values will be displayed in the Price Scale.
Last updated Tue, Mar 28 2017 1:52am