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Knowledge Base

Time Division of 8ths

Overview


An important geometric range division used by Gann in his analysis. By selecting a time range the tool will automatically divide the period into eighths.



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


Actions


Add to Toolbar: Adds the selected tool to your custom toolbar.

Apply Settings to All: When multiple Time Division of 8ths 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 Time Division of 8ths 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 Time Division of 8ths to a chart, the tool will display using the new settings.

Delete: Deletes the tool from the chart.

Properties


Tool Name: Allows for the name of the tool to be changed, as displayed in the Structure Panel.

Divisions: Click on this option to display the different divisions.
To add a new division to the chart, left-click on the blue + button and enter the values as needed.
  • Name - Sets the name of the division.
  • Value - Sets the percentage value of the Price Division line (e.g. 38.2). To change the value amount, click in the field and enter the new value.
  • Line Style - Sets the line type, thickness, colour and transparency of the angle lines.

Cycles: Allows you to repeat the division lines as many times as necessary.

Extend Top: Check this box to extend the division lines to the top of the chart.

Extend Down: Check this box to extend the division lines to the bottom of the chart.

Show Dates: This provides an option to show or hide the date for each division line.

Font Size: Allows you to adjust the size of the text displayed for each price label. Moving the slider bar to the right increases the font size.

Label Alignment: The price label can be placed in different positions in relation to the division lines. There are 8 options available: Top Left, Top Right, Centre Top, Bottom Left, Bottom Right, Centre Bottom, Centre Left and Centre Right.

Line Style:
The Line Style property allows you to adjust the type of the division lines displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot and Stippled.

Line Width: Allows you to adjust the width of the division lines. 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.

Visible: Un-tick this checkbox to hide the tool from the chart.

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