The Number Searcher tool will display lines and labels between price swings for time (both calendar days and bars) and price, based on user-defined values. The tool can help save you a lot of time identifying specific cycles or patterns on a chart.
It is also possible to apply the Number Searcher tool to custom ratio codes.
To add the tool to your chart, select the tool from the Gann tool group, and left-click on the chart or indicator on which you wish to add the tool. Optuma will then draw the tool using the default settings.
Scripting Function: NUMSEARCHER()
Actions & Properties
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.
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Number Searcher 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 Number Searcher 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 Number Searcher to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Tool Name: Allows you to change the name of the tool, as displayed in the Structure Panel.
Display Rules: Allows you to select whether to measure swings from High to High, High to Low, Low to Low, or Low to High.
Use Chart's Price Unit: By default, the price unit of the chart is used in the tool's price calculation. Untick the box to manually adjust the value in the Price Unit property. For example, searching for 144 with a Price Unit of 0.01 will look for movements in price of 144 cents, and a Price Unit of 0.1 will look for $14.40.
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, click here.
Calculation Style: Allows you to select the method which determines the highs and lows the Number Searcher is calculated from. This can be based on Gann Swings or Pivot Labels:
Swing / Pivot Label Properties: This setting expands to show a number of options for the properties to determine the highs and lows from which the Number Searcher calculates (e.g Min Pivot, Use Outside Bars or Next, Inside Bars, etc).
Search Number: This is the number you wish the tool to search for on the chart.
Price Tolerance (%): This setting lets you adjust how much price variation there can be on the selected Search Number. For example, if the Search Number is 100 and the Price Tolerance is 1%, then the labels will display for prices between 99 and 101.
Time Tolerance (Bars): This setting lets you adjust how much time variation there can be on the selected Search Number. For example, if the Search Number is 180 and the Time Tolerance is 3, then the labels will display between 177 and 183 bars.
Max Ratio: This filters out any result where the High-Low price range is greater or equal to the Max Ratio x Search Number x Price Unit. For example, using 90 as the search number with a Price Unit of 0.01 and a Max Ratio of 10 will eliminate any price swings over 9.
Max Time Interval (Months): Lets you select a maximum amount of months that can be used in finding labels. This helps clean up the number of labels found from sets of data with a large amount of historical data.
Max Bar Interval: Lets you select a maximum amount of bars (i.e. trading days on a daily chart, or weeks on a weekly chart) that can be used in finding labels. This helps clean up the number of labels found from sets of data with a large amount of historical data.
Date Range: Adjust this property for the period of time which the tool uses to calculate, e.g. Last Five Years. This helps clean up the number of labels found from sets of data with a large amount of historical data.
Show Labels: This provides an option to show or hide the Price, Time or Bar label.
Label Alignment: Allows you to select where to place the label: Top Left, Top Right, Bottom Left, Bottom Right, Centre Top, Centre Bottom, Centre Left, or Centre Right.
Font Size: Allows you to adjust the size of the text displayed for each label. Moving the slider bar to the right increases the font.
Price Style: This property allows you to adjust the type of Price lines, their width and colour. There are 8 styles available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot. The line widths can be increased by moving the slider bar to the right and Stippled.
Time Style: This property allows you to adjust the type of Time lines, their width and colour. There are 8 styles available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot and Stippled. The line widths can be increased by moving the slider bar to the right.
Bar Style: This property allows you to adjust the type of Bar lines, their width and colour. There are 8 styles available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot and Stippled. The line widths can be increased by moving the slider bar to the right.
Show Forward Projections: Select this to show end dates in the future. For example, if it is set to 100, then any top or bottom within the last 100 bars will project forward as a dotted line.
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.