The Price Expansions tool measures the selected range (as a percentage) and repeats the percentage range expanding with each cycle.
For example, placing the tool levels at $100 and $110 is a 10% range, so the subsequent repeated ranges will be expanded by 10%, ie at $121 ($110 + $11), $133.10, $146.41, etc
To add the tool to your chart, select the tool from the Levels tool group, and left-click once on the chart to choose a starting point. Left-click on the chart again to select the end point. With both points selected, move your mouse cursor to the left or right to extend the level lines, then left-click to anchor them to the chart. Optuma will then draw the tool using the default settings.
Actions & Properties
Add Price Alert: Selecting this action will set a Price Alert at the value the Horizontal Line is positioned.
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Price Expansions 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 Price Expansions 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 Price Expansions 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.
Expansion %: Sets the expansion percentage value.
Repeats: Used to set the number of expansion levels that are displayed.
Extend Left: Check this box to extend the Expansion lines to the left.
Extend Right: Check this box to extend the Expansion lines to the right.
Show Prices: This provides an option to show or hide the price value for each Expansion line.
Label Alignment: Can elect to display the price label in different positions in relation to the Expansion lines, there are 8 options available: Top Left, Top Right, Centre Top, Bottom Left, Bottom Right, Centre Bottom, Centre Left, Centre Right.
Font Size: Allows you to adjust the size of the text displayed for each label used in the Price Expansions. Moving the slider bar to the right increases the font size.
Line Style: The Line Style property allows you to adjust the type of the expansion lines 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 expansion lines. Moving the slider bar to the right increases the thickness of the line.
Line Colour: Allows you to select the colour of the expansion 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.