The Pyrapoint tool, developed by Don Hall, is a plug-in tool that is based on the Pythagorean Cube. In its calculation, it utilises Gann Square of 9 methodology and relationships between Price and Time. This tool is used to project changes in trend and the general action of the market.
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 to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Pyrapoint 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 Pyrapoint 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 Pyrapoint to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Tool Name: Allows you to adjust the name of the tool, as it's displayed in the Structure Panel.
Pythagorean Degree: Used to set the angle for which each of the crossed lines are to be plotted.
Significant Digits: Sets the Significant Digit value that is to be used in the Pyrapoint calculation.
Show 2x Lines: Can elect to show Up, Down, Both or No 2x Lines.
Price Display Style: Allows you to choose to display the Price, Degree, both, or none.
Time Display Style: Can elect to display the time display label as either a bar count or date.
Line Styles: This option expands to show the following:
- 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, Stippled.
- Line Width - Allows you to adjust the width of the Pyrapoint lines. Moving the slider bar to the right increases the thickness of the line.
- Line Colour - Allows you to select the colour of the horizontal and vertical lines. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
- Cross Colour - Allows you to select the colour of the cross lines. 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.