Seven Times The Base
The Seven Times the Base tool originates from W.D. Gann's studies on time and price. It calculates a price and time value by multiplying the time and price of a user-selected range by seven.
To add the Seven Times the Base tool to your chart, select the tool from the Gann tool group. Left-click on a starting point on your chart, and then left-click again at the end of the range to be used in the calculation.
Actions & Properties
Add to Toolbar: Click this action to add the selected tool to your custom toolbar.
Apply Settings to All: When multiple Seven Times the Base 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 Ichimoku Cloud tools in the chart, page or entire workbook to be updated instantly.
Copy Tool: Allows the selected tool to be copied, 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 Seven Times the Base tool, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the Seven Times the Base properties (colour for example) you can save the adjustments as your new default setting. Each time you apply a new Seven Times the Base 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.
Price Base: The price calculation for Seven Times the Base is started from the price high, by default. The Price Base option allows you to change it to the low.
Date Base: The date calculation for Seven Times the Base is started from the middle of the selected range, by default. The Date Base option allows you to change it to the date of the low or the date of the high.
Line Style: Allows you to adjust the type of the 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 line. Moving the slider bar to the right increases the thickness of the line.
Line Colour: Allows you to select the colour of the division 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.