Gann's Pattern of Vibration
Gann's Pattern of Vibration tool is based on Tony Plummer's groundbreaking research in his book The Law of Vibration - The Revelation of William D. Gann:
"Ordered behaviour in financial markets and in economic activity presents itself in the form of a specific behavioural pattern. This pattern, which was known about in antiquity, appears to control the processes of change and evolution. It was used by the financial market trader William D. Gann, and he hid it in one of his best-known books."
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
Add New Division: Select this action to add a new division to the tool.
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.
Scale: When selected you can nominate the Scale value to use. For example, if you use a scale of 2 then the tool will double in size.
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Gann's Pattern of Vibration 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's Pattern of Vibration 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.
Duplicate the Tool: Creates a duplicate of the tool to the right of the original using the same settings.
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.
Price Flip: Allows you to create a duplicate of the tool along the price axis.
Time Flip: Allows you to create a duplicate of the tool along the time axis.
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's Pattern of Vibration to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Tool Name: Allows for the name of the tool to be changed, as displayed in the Structure Panel.
Display Option: By default, both patterns are shown. Use this option to select either the 'Number' or 'Change' pattern.
Show Phase Lines: Untick this box to hide the internal vertical lines.
Phase Line Style: Use this option to change the style (dots, dashes, etc), width, colour, transparency and extensions.
Number Line Style: Use this option to change the style of the 'Number' plot (solid, dots, etc), width, colour, and transparency.
Change Line Style: Use this option to change the style of the 'Change' plot (solid, dots, etc), width, colour, and transparency.
Overlays: This option is used to divide the box into thirds and/or eighths. When applied, you are able to adjust the line styles, colours and width in the dropdown box.
Values: Shows the starting and ending prices and dates of the box. Changing these values will automatically reposition the box.
Box Line Style: Use this option to change the style of the lines surrounding the pattern (solid, dots, etc), width, colour, and transparency.
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.