DVAN Trending tool measures momentum in the underlying security and indicates periods of trending and points of momentum change.
- Green dots on price bars indicate the asset is trending upward and represents a confidence level for position management of long trades, enabling a trader to hold a position longer
- Red dots on price bars indicate the asset is trending downward and represents a confidence level for position management of short trades, enabling a trader to hold a position longer
- A blue dot shows the bar where a change in momentum from negative to positive occurs
- A purple dot shows the bar where a change in momentum from positive to negative occurs
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 DVAN Trending tool to your custom toolbar.
Apply Settings to All: When multiple DVAN Trending 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 DVAN Trending 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 DVAN Trending tool, which can then be pasted onto a different chart window.
Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool to the background.
Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.
Restore Default Settings: Click this action if you have adjusted the default settings of the DVAN Trending tool, 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 DVAN Trending tool is applied to a chart, the tool will display using the new settings.
Delete: Delete the DVAN Trending tool from the chart.
Tool Name: Allows you to adjust the name of the tool, as it's displayed in the Structures Panel.
Trend Up: Sets the Trend Up colour.
Trend Down: Sets the Trend Down colour.
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 all plot values will be displayed in the Price Scale.