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.
Actions & Properties
Add to Toolbar: Click this action to add the selected Pyrapoint 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 hiding or adding levels- 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 Pyrapoint, which can then be pasted onto a different chart window.
Move to Back: If the lines of the tool are displaying in front of other tools or indicators clicking this action will move the lines view to the background.
Move to Front: If the lines of the tool are displaying behind other tools or indicators on the chart, clicking this action will bring the lines to the forefront.
Restore Default Settings: Click this action if you have adjusted the default settings of the Pyrapoint, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the Pyrapoint 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: Delete the Pyrapoint 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.