A number of tools in Optuma, (Fibonacci, Gann, Astronomical, etc.) are designed to locate important dates on a chart. When multiple tools are applied to a chart it can be difficult finding important convergences of these tools, which can assist in highlighting important turning dates in the market.
The Time Cluster tool has been designed with this problem in mind and resolves the issue by highlighting tool date convergences in a simple, uncluttered manner. In this example, the full moon, Fibonacci Time Retracement, and Planetary Aspects tool clustered on March 5th where the Time Cluster tool has peaked:
To add the Time Clusters tool to your chart, select the tool from the Levels group, and left-click on the chart to add the tool. Optuma will then draw the Time Clusters tool on your chart using the default settings.
TIP: if you wish to hide the tools from the chart and only show the Time Clusters you can hide the Layer in the Structure Panel by clicking the 'eye' icon:
Actions & Properties
Add to Toolbar: Click this action to add the selected Time Clusters tool to your custom toolbar.
Apply Settings to All: When multiple Time Clusters 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 Time Clusters tools in the chart, page or entire workbook to be updated instantly.
Copy Data to Clipboard: Will copy the tool's values to the clipboard which can then be inserted into a spreadsheet, for example, allowing for further analysis.
Copy Tool: Allows you to copy the selected Time Clusters 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 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 Time Clusters tool, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the Time Clusters properties (colour, for example), you can save the adjustments as your new default setting. Each time you apply a new Time Clusters tool to a chart, the tool will display using the new settings.
Process Cluster: If new tools are added to the chart after the cluster tool has been applied, you need to click this action to re-process the cluster dates.
Rescale View Price Scale: After adding a new tool and reprocessing the Time Cluster price scale may require adjusting, selecting this option will automatically rescale the Time Cluster price scale for you.
Delete: Delete the Time Clusters tool from the chart.
Tool Name: Allows you to adjust the name of the tool, as it's displayed in the Structure Panel.
Target Layer: Allows you to select a specific Layer from the chart. When a specific layer is selected only tools within that layer will display in the cluster tool window.
Overlap: Adds a bar either side of the cluster making it less accurate. For example, if there were two items on the 1st of March, and one item on the 2nd of March, these two values would be combined to display a cluster total of three.
Plot Style: Allows you to change how the tool is displayed on your chart. There are 6 options available: Line, Dot, Histogram, Step, Shaded, Shaded Step.
Line Style: The Line Style property 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 line. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
Fill Colour: When the Plot Style is changed to Shaded you are then able to alter the Fill Colour for the Show View tool.
Fill Transparency: When the Plot Style is changed to Shaded, you then are able to adjust the shading transparency. Moving the slider to the left will increase the transparency of the tool.
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.
Show In Price Scale: When selected the current Time Cluster value will be displayed in the Price Scale.