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Knowledge Base

Volatility Swings


These swings highlight changes in trend based on a price move that exceeds the minimum amount of Average True Range (ATR), eg a 1 ATR Volatility Swing would change trend direction each time the security retraced by 1 ATR. ATRs are a standard way of measuring volatility and by using this method, we have swings thresholds that are calculated on a per security basis and even adapt to new volatility in the security. For instance, in times of high volatility, a move up will require a greater retracement to signal a change in trend.

For more details on this tool please see Mathew Verdouw's article here.


Actions & Properties


Add to Toolbar: Click this action to add the selected tool to your custom toolbar.

Apply Settings to All: When multiple Volatility Swings 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 fill colour or transparency - as this allows all the other Optex Bands 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 tool, 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 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 properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new tool 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 Structures Panel.

Swing ATRs: Allows you to adjust the number of ATRs required for the swing to turn.

Show Labels: When checked, this property will show the lables at the pivot points of the volatility swings.

Font Size: Use this slider bar to adjust the size of the label text. Moving the slider to the right will increase the size of the text.

Line Style: 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 edit the width of the volatility swings. Moving the slider to the right will increase the width of the tool.
Line Colour: Allows you to edit the colour of the volatility swings.

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.

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