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Knowledge Base

Gann Measured Degree Line

Overview


The Gann Measured Degree Line calculates a user specified degree angle (based on the time/price ratio) from a selected range. The lengths of the lines are also calculated from this range, identifying potential turns in the market.



Optuma determines what the price value movement should be from the scale of the chart to which you have applied the Gann tool. However, if it doesn't seem to 'fit' the chart you can manually adjust the Price Unit field in the Properties panel. For example, if the tool's Price Unit is set to the same as the chart's Time/Price ratio then the 90° line will be a geometric 90°:



To add the tool to your chart, select the tool from the Gann tool group, and left-click on the first bar you want to calculate the tool from. Next, left-click on the bar where you want to calculate the tool to. Optuma will then draw the tool using the default settings.

Actions & Properties


Actions


Add to Toolbar: Adds the selected tool to your custom toolbar.

Apply Settings to All: When multiple Gann Measured Degree Line 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 line colour - as this allows all the other Gann Measured Degree Line tools in the chart, page or entire workbook to be updated instantly.

Copy Tool: Allows you to copy the selected 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 view 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 tool, and wish to return to the standard properties originally installed with Optuma.

Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Gann Measured Degree Line to a chart, the tool will display using the new settings.

Delete: Deletes the tool from the chart.

Properties


Tool Name:
Allows for the name of the tool to be changed, as displayed in the Structure Panel.

Levels: Click on this option to display the different degree levels.
To add a new level to the chart, left-click on the blue + button and enter the values as needed.
  • Value - Sets the degrees for the angle (e.g. 90). To change the value amount, click in the field and enter the new value.
  • Line Style - Sets the line type, thickness, colour and transparency of the angle lines.
  • Visible - To hide a level, deselect the check box with the green tick.

Use Chart's Price Unit: By default, the price unit of the chart is used in the tool calculation. Untick the box to manually adjust the value in the Price Unit property.

Price Unit: This option is available when the Use Chart's Price Unit box is unticked (see above). Enter a new value to manually determine what one unit of price is equal to in the tool's calculation (eg 0.1). For more information on the Price Unit, click here.

Show Label: Check this box to display the degree and value of the line. Uncheck the box to hide it.

Font Size: If 'Show Label' is selected you can adjust the size of the text displayed for the label. Moving the slider bar to the right increases the font size.

Extend: Tick this box to extend the degree lines.

Mirror Angles: Adds a mirror image of the degree lines using the same settings as the original with the angles moving in the reverse direction.

Line 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 lines. Moving the slider bar to the right increases the thickness of the line.

Line Colour: Allows you to select the colour of the line (anchor line only). Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.

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.

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