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Knowledge Base

Formula Functions & General Interface

Overview


Optuma brings you one of the easiest to use formula languages ever seen in trading platforms. Many of the modules in Optuma use this language (such as the Back Tester and Scanning Manager) providing you with a level of customisation previously unavailable.

The following tools and modules can be used with custom formulas:

Scripting Video Tutorials

Sign in here to watch a series of scripting language tutorial videos.

Scripting Forum

Click here for the Optuma Scripting forum page to post / view questions on creating specific formulas and scripts.


General Interface

The following is the interface that displays when selecting the Script Manager in Optuma (located under the Settings menu).

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When the Script Manager is accessed it is ready for you to add a new custom formula, you just need to enter a name for the script and then type the formula in the window beneath the Script Name. When complete left-click the Update Button.

Optuma includes a list of pre-programmed scripts/formulas that you can use. These are listed in the left-hand pane of the Script Manager under Default Scripts. You can search for any default or created scripts by just typing the name of the script you are looking for in the Type to search field.

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Formula Interface


The interface for using formulas is extremely user-friendly:

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As soon as you start typing in a formula field, you will see a list of functions or operations that are available for you to enter. The more letters you type, the more the list is reduced to only show items that match what you are typing.

Formula Breakdown


A formula you create can contain any or all of the following parts:

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Functions: A function, such as MA(), represents an existing calculation or indicator (in this case a Moving Average) and you can enter adjustments for the function within its parentheses. Each function has a specific adjustment syntax.

Constants: You can also enter constants, such as numbers, directly into a formula.

Operators: Operators are the symbols that are used to specify the type of calculation that you want the formula to perform. For example, the * (asterisk) operator multiplies numbers.


Colour Coded Lines


In the Script Manager there are some colours used to highlight various items.

  • Comment Lines will be displayed in Green text.
  • When working between two parentheses the starting ( and the closeing ) will be highlighted in Blue.
  • When setting up variables, if there is a naming conflict (already in use for example) the text will display in Red.



Function Adjustments


Each function available in Optuma has a number of properties that can be adjusted (number of bars used to calculate a Moving Average, for example).

Rather than having to commit the syntax to memory, Optuma simplifies this process by providing you with a properties panel identical to the one available in the Control panel.

Once a function is added to the formula, left-click on the empty parentheses and the properties panel will display:

As you made adjustments in the panel, the formula will be updated automatically to include the function adjustments.

More Information


From Optuma v1.5 and later the menus within each script function will include a More Information link you can click. This will automatically take you to a Knowledge base article that covers the script, or the underlying tool the function represents in more detail.




Script Caching


In Optuma v1.3 a new caching system was introduced into Optuma Scripts to improve performance and reduce resource load when using scripts that refer to an offset / previous value.  Scripts using the SELF()  or VARIABLE[1] functions will now run much faster in Optuma v1.3 and require less memory / CPU processing power.

Function List


The following table contains a list of all the functions available in the Optuma formula language. If no adjustments are made within the functions parentheses, Optuma will use the default settings saved for that indicator.

Function Name Description
ABS Absolute Value Ensures the value output of the script is a positive number.
ACC Accumulate Combines the values over a selected period (similar to SUM).
ACCB Acceleration Bands Acceleration Bands were created by Price Headley and are mentioned in his book Big Trends in Trading. Acceleration Bands use a period of 20 bars by default, to create an envelope of 2 lines.
ACCSINCESIGNAL Accumulate Since Signal Takes two scripts, the first script is the one that is accumulated and the second is a Boolean script that signals a reset of the accumulation.
ACTIVEWEIGHT Active Weight Makes reference to the active weight (requires Bloomberg data).
ADX Average Directional Movement Index The Average Directional Movement Index is an indicator designed to measure the strength and direction of a trend. The indicator consists of three components: the plus directional indicator (+DI), minus directional indicator (-DI) and the Average Directional indicator.
AMA Adaptive Moving Average Developed by Perry Kaufman the Adaptive Moving Average is a single average which dynamically varies its own length, typically from a 2-period to a 30-period average, according to the degree of volatility and directionality in the market.
ARCCOS ArcCos The arccosine of x is defined as the inverse cosine function of x when -1≤x≤1.
ARCSIN ArcSin The arcsine of x is defined as the inverse sine function of x when -1≤x≤1.
ARCTAN ArcTan The arctangent of x is defined as the inverse tangent function of x when x is real (x∈ℝ).
AROON Aroon The Aroon indicator was created by Tushar Chande in 1995. The Aroon up and the Aroon down fluctuates between 0 and 100. Values close to 100 represent a strong trend, Values close to 0 represent a weak trend. The lower the Aroon up, the weaker the uptrend, and the stronger the downtrend, and vice versa.
AROONOSC Aroon Oscillator The Aroon Oscillator was created by Tushar Chande. This indicator is designed to display the difference between the two lines which make up the Aroon indicator (Aroon Up and Aroon Down). This is done in an effort to both highlight and measure the strength of a new trend.
ARR Annual Rate of Return Use to calculate the annual rate of return over a user-defined period.
ASPECTS Aspects Used with the PVAL() function to allow the search of vairious aspects (Conjunction, Sextile, Square, etc) between two or more planets.
ATR Average True Range Average True Range Stop Loss calculation compares the price range for today with the highs and lows of the previous day. The highest of these values (the largest range) is selected as the true average range for the period. This figure is calculated each day.
ATRTSCAN ATR Trailing Stop Scan Average True Range Stop Loss calculation compares the price range for today with the highs and lows of the previous day. The highest of these values (the largest range) is selected as the true average range for the period. This figure is calculated each day.
AUTOCORR Auto Correlation Auto correlation (also referred to as cross-autocorrelation or serial correlation) is the correlation of a chart with itself at different points in time designed to highlight repeating patterns within a chart.
AVBT Average Volume By Time This indicator shows the current day''s volume bars compared to the same bars over a user-defined period. Here''s an example of a 15 minute chart of Microsoft. The shaded area below the current day is the average volume over the past 2 weeks. The red bars indicate where the volume is above the average for that 15 minute period. (Requires Intraday Data)
BARCOUNT [NEW] BarCount Use this in a Show Plot to calculate an average of all bars being loaded.
BARDATE BarDate This function takes the date of a bar and converts it into an integer. For example 19-06-2017 = 42902
BARROMCONTRATREND BarroM Contratrend Scan A scan based on the methods of Ray Barros which look for specific movements on the Midos SI and Value Chart indicators.
BARROSAVGVOL Barros Swing Average Volumes The Barros Swing Average Volume tool, provides an average value for volume of bars contained within an initial, mid or final Barros Swing.
BARROSSWING Barros Swing The Barros Swing is a trend indicator and can be used much like Gann Swings. Trading methodology associated with the Barros Swings is accomplished through attending seminars hosted by Ray Barros. For further information on courses offered by Ray Barros, you can visit his website.
BARSTRUE Bars True Used in conjunction with a Boolean variable. Will output the total number of bars the boolean criteria has been true over a set lookback period (10 bars by default, but can be adjusted).
BARTYPES Bar Types Allows you to search for specific Bar Types in a script (eg Outside Bar, Inside Bar, Higher than Previous Day, etc).
BB Bollinger Bands Bollinger Bands are based on a standard Moving Average. The actual band lines are offset by a positive and negative standard deviation value from the central moving average value, to provide upper and lower bands.
BBW Bollinger Bandwidth The Bollinger Bandwidth gives an indication of how wide the Bollinger Bands are as a function of the middle band. Used to identify the squeeze at low values and the end of trends at high values.
BETA Beta The Beta Coefficient tool is used to compare the volatility of the selected stock with that of the entire market (usually an Index such as the XJO or Dow).
BPB Bollinger Percent B The Bollinger %B tool is similar to the Stochastic tool, however the range is calculated from the Bollinger Bands rather than actual price. Whereas Stochastics will always oscillate in a range between zero and 100 since price can never penetrate above the price range (else it will increase the price range itself), price does penetrate the Bollinger Bands frequently. Thus Bollinger %B can move above 100 and below zero, this merely indicating that the close is outside of the bands.
BREADTHDATA Breadth Data The Breadth tool requires access to the Bloomberg Terminal. When applied to an equity the Breadth data for the parent index is used automatically. For example, a US Equity will display the S&P500 Advance Decline Breadth values.
CAD Chaikin A/D Line The Chaikin A/D indicator was created by Marc Chaikin and has been designed to measure the cumulative flow of money into and out of an instrument. This tool is primarily used in an attempt to predict trend reversals.
CANDLESTICKPATTERN Candlestick Pattern Allows you to search for a number of common candlestick chart patterns (Bullish Engulfing, Doji, etc).
CAPP Close Above Previous Peak A simple tool that shows the bar closes above previous peak.
CBPT Close Below Previous Trough A simple tool that shows the bar closes below previous trough.
CCI Commodity Channel Index Commodity Channel Index is used to give a measurement of how far a security is from its statistical mean. High values mean that the current price is higher than the mean.
CHANGE Percentage Change Show the change in value (as a percentage) measured over x number of bars.
CHANGESINCESIGNAL
Change Since Signal Displays the change in price (value or percentage) since a triggered signal.
CHARTPATTERN Chart Pattern Allows you to search for a specific chart patterns such has AB=CD, etc.
CHARTPATTERNOVERLAY Chart Pattern Overlay Highlights common chart patterns (both bullish and bearish) including multiple patterns at once.
CHOPPINESSINDEX Choppiness Index The Choppiness index was created by Bill Dreiss and is used as a measure of the current state of a stocks trend. There are lines placed on the Fib levels of 31.8 and 61.8. Choppiness Index values below the 31.8 generally indicate a trending market, where as those above 61.8 indicate a choppy market.
CHST Chandelier Stop The Chandelier Stop was developed by Charles Le Beau and plots a trailing stop loss calculated from Average True Range. The stop can be used on both bull and bear markets with the Chandelier line plotting above the price in a downtrend and below the price on an uptrend.
CI Composite Index The Composite Index is a proprietary tool, developed by Constance Brown from Aerodynamic Investments Inc. For more information, please visit https://aeroinvest.com/
CIDX Congestion Index Congestion Index is the ratio of the price change to the range change between highest price and the lowest price for a specific period (default 20 bars). The result is then smoothed to produce the final value.
CLAH Close Above Days high A simple tool that shows the bar closes above previous highest high over a user selected period (5 bars by default).
CLBL Close Below Days Low A simple tool that shows the bar closes below previous lowest low over a user selected period (5 bars by default).
CLOSE Close The close function returns the closing value of each bar of the source data
CLU Time Clusters 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 cluster tool has been designed with this problem in mind, and resolves the issue by highlighting vertical tool convergences in a simple, uncluttered manner.
COI Coppock Indicator The indicator is named after Edwin Coppock. Coppock thought setbacks in the stock market were like bereavements and required a period of mourning before normal spirits revived. So he asked the church leaders of the day how long it took people to get over the death of a loved one. The answer was between 11 and 14 months. From this Coppock developed a series of calculations designed to signal when stock market mourning would be over.
CORREL Pearson's Correlatin Coefficient The Pearsons Correlation Coefficient indicator represents the relationship between the selected stock and a comparison code (Dow or XJO for example) using variables that are measured on the same interval or ratio scale.
COS Cosine The trigonometric function that is equal to the ratio of the side adjacent to an acute angle (in a right-angled triangle) to the hypotenuse.
COSC Chaikin Oscillator The Chaikin Oscillator was created by Marc Chaikin, and is used to measure the momentum of the AD Line using MACD. The value of the Oscillator is the variation between the 3 day EMA of the AD Line and the 10 day EMA of the AD Line.
COUNTBACKLINE Countback Line Scan Based off the Countback Line Entry and Exit indicators found in the Guppy Tool Group.
COUNTMATCH Count Match Used in conjunction with a Boolean variable. Will output the total number of bars the boolean criteria has been true over a set lookback period (15 bars by default, but can be adjusted).
COUNTMATCHSINCESIGNAL
Count Match Since Signal How many times has X occurred since Y. Requires two boolean scripts.
CRL Correlation This tool requires two overlayed securities. When available, the tool will show how closely the two securities are correlated.
CSPO Candlestick Pattern Overlay This overlay tool allows you to highlight different Candlestick patterns, including multiple patterns at once.
CV Clark Volatility Clark Volatility takes the unique volatility calculation proposed by Dr Kalvert Clark and turns them into a handy tool.
DARVASBOXSCAN Darvas Box Scan Allows you to look for Darvas boxes over a data set. (Requires Guppy Tools).
DATAFIELD External Data Field Allows you to import values from a data field. This can include standard values, EDFs (Bloomberg), Custom EDFs (Excel) and Optuma Fundamental Data (Pe Ratio, etc).
DAY Daily Data Allows you to set the time frame of the function to Day values when the underlying data is a different time frame (ie Weekly, etc).
DAYNUM Day Number Shows the Day of the Month (as an integer) oscillating between 1 and 31. For example October 18 would return 18 as the value.
DD Days Down The Days Down indicator is a visual representation of the number of consecutive days that current price is lower than previous price.
DEGTORAD Degree To Radian Converts an output returned in Degrees into Radians
DHTSCAN Days High Trailing Stop Scan Days Low Trailing Stop and Days High Trailing stop are standard indicators used to mark stops on a short or long basis. Based on the number of days set, the line of the stop will track to the highest high (or lowest low) over a set period.
DI Demand Index The Demand Index was developed by James Sibbet and combines price and volume in such a way that it is described as a leading indicator of price change.
DIAR Days In A Row The Days In A Row indicator shows the bar that has a user selected consecutive period (2 bars by default) where current price is higher or lower than previous price. (Down / Lower by default)
DIP Dip The Dip takes the lowest low percentage over last 3 periods. The percentage is the amount change between each closing and the minimum value from its penultimate low and antepenultimate open.
DISP Displacement The Displacement tool uses an ATR and a moving average, and calculates the ratio difference of the ATR and the change between current bar average and moving average.
DIVERGENCE Divergence Signal Apply to any view tool applied to the chart to highlight areas of divergence between the indicator and the charts price.
DLTSCAN Days Low Trailing Stop Scan Days Low Trailing Stop and Days High Trailing stop are standard indicators used to mark stops on a short or long basis. Based on the number of days set, the line of the stop will track to the highest high (or lowest low) over a set period.
DLU Home Trader Displacement Long US The Long Displacement US indicator uses an ATR and the highest high over a user selected period (7 bars by default), and calculates the difference between the highest high and the change of ATR.
DMPA Dynamic Market Portfolio The Dynamic Market Price Analysis is an intraday variant of Peter Steidlmayer''s original MPA tool.
DOMENV Hurst Dominancy Envelope The Dominancy Envelope is a pair of smooth zones bounding the upper and lower edges of the relatively long undulations in the price movement. This envelope encloses most of the price bars within a constant height channel. It contains within it the wave movements in the price action that are most visually evident.
DONCH Donchian Channel Donchian channels were developed by Richard Donchian. The two outer bands are plotted as the highest high and lowest low for a set period with the central band calculated as the average of the two.
DROSC Derivative Oscillator The Derivative Oscillator is a proprietary tool, based on the work of Constance Brown from Aerodynamic Investments Inc. For more information, please visit https://aeroinvest.com/
DSU Home Trader Displacement Short US The Short Displacement US indicator uses an ATR and the lowest low over a user selected period (7 bars by default), and calculates the difference between the lowest low and the change of ATR.
DTB DGL Trade Bands DGL Trade Bands are entry/exit trade bands. There are two bands for buying and two for selling. Buy 1 and Buy 2 bands are used to determine possible entry points. Sell 1 and Sell 2 bands are used to determine possible exit points. Once a trade is entered the DGL Trade Bands can also be used as stops.
DU Days Up The Days Up indicator is a visual representation of the number of consecutive days that current price is higher than previous price
DVANBSP DVAN Buy/Sell Pressure The DVAN methodology was created between 1985 and 1987 after 10+ years of self taught technical study and research. The original algorithms have never changed and continue to be the basis of all DVAN models today. More Information: http://divergenceanalysis.com/
DVANLONGTERM DVAN Long-Term The DVAN methodology was created between 1985 and 1987 after 10+ years of self taught technical study and research. The original algorithms have never changed and continue to be the basis of all DVAN models today. More Information: http://divergenceanalysis.com/
DVANSHORTTERMCYCLE DVAN Short-Term Cycle The DVAN methodology was created between 1985 and 1987 after 10+ years of self taught technical study and research. The original algorithms have never changed and continue to be the basis of all DVAN models today. More Information: http://divergenceanalysis.com/
DVANSMLS DVAN Smart Lines The DVAN methodology was created between 1985 and 1987 after 10+ years of self taught technical study and research. The original algorithms have never changed and continue to be the basis of all DVAN models today. More Information: http://divergenceanalysis.com/
DVANTRENDING DVAN Trending The DVAN methodology was created between 1985 and 1987 after 10+ years of self taught technical study and research. The original algorithms have never changed and continue to be the basis of all DVAN models today. More Information: http://divergenceanalysis.com/
DVANTRENDSIG DVAN Trend Signals The DVAN methodology was created between 1985 and 1987 after 10+ years of self taught technical study and research. The original algorithms have never changed and continue to be the basis of all DVAN models today. More Information: http://divergenceanalysis.com/
DVI Divergence Index The divergence index takes the volatility-adjusted difference between two moving averages, 10 and 40 bars by default and uses a Standard Deviation in the change in values to introduce a volatility measure.
EARNINGS Earnings Displays the Earnings information for a selected security (requires Bloomberg data).
ECL Eclipse The Eclipse tool graphically displays on the chart the dates that Solar and/or Luna Eclipses occur.
EXP Exponential Exponential is a math function similar to Power() but with the default base e (e equals 2.71828182845904)
FI Force Index Force Index is an indicator designed to measure price change in relation to volume.
FIELD Latest Field Value Similar to the DataField function, you can select EFDs, Fundamental data or Watchlist columns, however only the latest value will be returned.
FIRST First Value Returns only the first value of a script function or criteria. For example First(MA()) will return the first Moving Average value for the code(s).
FLD Hurst Future Line of Demarcation The FLD is probably the most important tool in all cycle analysis, according to Hurst. It's many uses include: Location of wave troughs and crests during phasing analysis, Determination of price objectives, Assessment of trend by comparison of past-time price objectives with actual price movement, Pricemovement forecasts by means of FLD pattern analysis and Action signals. The FLD is constructed by shifting the centered moving average by half the length of the moving average. Half the cycle will before final data price on the chart and half after. When price intersects a Single FLD, Hurst would consider that at that point, Price was half way through the cycle (that is the cycle of length defined in the FLD).
FLOOR Floor The Floor function is used to round down.
FO Forecast Oscillator The Forecast Oscillator compares the actual price to the Time Series Forecast and calculates a percentage between -100% and +100%.
FORECAST Forecast The Forecast tool will display one of the following data plots below the chart, including projections past the last bar: Earnings Per Share, Sales, Net Income, Dividends Per Share, Return on equity, EBIT, EBITDA, Pre-Tax Profit, Operating Profit, Net Asset Value. This information is sourced from Bloomberg and requires a connection to Bloomberg Terminal.
FOURIER Fourier Wave In Signal Processing, Fourier analysis is used as a way to break up complex waves (cycles) into discrete sinusoidal components. The process uses the Fast Fourier Transform to examine the closing prices of the data and determine the cycles that have the highest correlation to the cycles in the data.
FT Fisher Transform The Fisher Transform indicator is an oscillator based on complex mathematical theories (such as probability density functions) and transforms prices into sine wave that seeks to pinpoint extremes in the market. The tools is made up of pair of lines moving above and below the central value of zero. One line is the current Fisher Transform value and the other, the trigger line. A signal, bullish or bearish, is generated when the Fisher Line crosses above or below the trigger line and/or when the indicator reaches bullish or bearish extremes.
FUNDWEIGHT Fund Weight If a Fund Weight value has been assigned to a symbol via EDF, or Bloomberg, you can reference this value in your scripts using this function.
FX FX Allows you to convert a value into a different currency.
GANNSWING Gann Swing Allows you to reference Gann swing points (Swing Start, Swing End, etc) in a script.
GETDATA GetData Allows you to pull in data from a specific data code to reference in a script. [NEW: Now supports option to Use Source Timeframe]
GMA Guppy Multiple Moving Average The Guppy Multiple Moving Average tool was developed by Daryl Guppy and is introduced in his book, Trading Tactics . It is made up of two groups of exponential moving averages and is used to understand the strength and nature of the trend. The short-term group are 3, 5, 8, 10, 12 and 15 day exponential moving averages. The long-term group is made up of 30, 35, 40, 45, 50 and 60 day exponential moving averages.
GPA Gann Price Angle Converts price into an angle for use in Gann planetary indicators where price as an angle is measured against other angle tools.
GPS Gartley Scan Used to search for Gartley Patterns (bullish and bearish). Requires the Gartley tool group.
HAAT HA Adaptive Trend HA Adaptive Trend is an indicator which is part of the Ferrera tool group.
HAATC HA Adaptive Trend Change HA Adaptive Trend Change is an indicator which is part of the Ferrera tool group.
HAATO HA Adaptive Trend Overlay HA Adaptive Trend Overlay is an indicator which is part of the Ferrera tool group.
HAC Heikin-Ashi Candles This function allows you to take a standard candlestick chart and covert the data into Heikin-Ashi values.
HARTSWING Hart Swing The Hart Swing is a trend indicator and can be used much like Gann Swings. The tool was developed by Joseph Hart of Trend Dynamics. Through the use of a series of time filters, the tool segregates price action into encompassable components, and in doing so filters out the noise of other time frames.
HBS Hundred Base xxx
HBT Hilbert Transform The Hilbert Transform indicator is a linear operator, based on the separation of the cycle phase into two components, the Quadrature and InPhase and is designed to locate relative peaks and troughs on the chart.
HIDDEN Hidden The Hidden() function - in conjunction with an IF() statement - allows you to hide a plot until certain criteria are met.
HIGH High The high function returns the highest value of each bar of the source data.
HIGHERTIME Higher Time Moving Average The Higher Time Moving Average is a Moving Average that is drawn based on a different time period. For example, you can apply a weekly moving average to a daily time period chart.
HIGHESTHIGH HIghest High Allows you to search for the Highest value over x periods. You can define the look back period, or set it to All Time. This can be done on charts, or indicator values.
HIGHESTSINCE Highest High Since Signal Allows you to search for the Highest value over x periods but only after a specific criteria has first been met. For example, a Moving Averages highest value in the last 30 days, after the Close price crossed above the MA line.
HLTR Helion Transits The Helion transits tool will plot the times that selected planets are at Aphelion and Perihelion during their orbit.
HMA Hull Moving Average A moving average (weighted) based on Allan Hulls published calculations. For more information on this tool please visit Alan''s website - http://www.alanhull.com/
HMMA Hull Multiple Moving Average The Hull Multiple Moving Average is a tool developed by Author and trader Alan Hull. HMA uses two groups of Moving average lines to track and filter price movements. For further information relating to the application of this tool visit www.alanhull.com
HPI Herrick Payoff Index Developed by John Herrick, the Herrick Payoff Index is designed to show the amount of money flowing into (or out of) a futures contract. A value above zero represents money flowing in (bullish), below zero money flowing out (bearish). It is important to note that this indicator makes reference to Open Interest data, so the chart you apply this to must have OI values.
HPP Highest Price Period Highest Price Period uses the highest high over a user selected period (240 bars by default), and finds the bars where its current high is greater than the highest high.
HTB Home Trader Band Home Trader Bands are based on a standard Moving Average. The actual band lines are offset by a positive and negative ATR value from the central moving average value, to provide upper and lower bands.
HTBE Home Trader Band Extension Home Trader Band Extensions are based on Home Trader Bands. It is horizontally offset by 1 from Home Trader Bands.
HTHHB Home Trader Highest High Band Home Trader Highest High Band uses ATR. The actual band lines are offset by a positive and negative ATR value from the highest high over a user selected lookback period (5 bars by default).
HTLLB Home Trader Lowest Low Band Home Trader Lowest Low Band uses ATR. The actual band lines are offset by a positive and negative ATR value from the lowest low over a user selected lookback period (5 bars by default).
HTMT Minimum Turnover Minimum Turnover uses the moving average and moving average volume, and calculates the lowest low turnover over a user selected lookback period (50 bars by default)
HTPE Home Trader Price Extension Home Trader Price Extension uses an ATR, and calculates the ratio difference of the ATR and the change between current price and a user defined lookback price (3 bars by default).
HTT Home Trader Turnover Home Trader Turnover provides a better indication of the average liquidity of a security. i.e. the average dollar value of the security that has turned over for the selected time period.
HV Historical Volatility A measure of the price changes of a security over a specific period of time. Defined as the standard deviation of the continuously compounded returns on the security.
HVB Historical Volatility Bands Taking the Historical Volatility value and added positive and negative delta to it forms these bands that rise and fall based on the volatility of the security.
ICHIMOKUCLOUD Ichimoku Cloud The Ichimoku Cloud indicator was developed before World War II by a Tokyo newspaper writer. It is designed to display support and resistance levels, trend direction, and entry/exit points.
IF If Allows a script to produce multiple results based on which criteria is being met. For example, If the Close is Higher than a MA the script result is 1 otherwise it is zero.
IMPULSERIPPLES Impulse Ripples The Impulse Ripples tool uses a proprietary Optuma algorithm to identufy dates where a potential changes in trend may occur. The Impulse Ripple tool is typically applied to a significant pivot high or low point on the chart.
INDEX Index Allows you to display data for the underlying codes primary index. For example ASX Codes will use XJO (Top 200), US Equity codes will use SPX (S&P500).
INERTIA Inertia Indicator The Inertia Indicator is a smoothed version of the RVI indicator and attempts to extrapolate the prevailing price trend. The smoothing effect is calculated with a combination of Exponential Moving Average and Linear Regression. When this indicator is above 50%, an increasing price trend is indicated. When the indicator falls below 50%, a decreasing price trend is indicated.
INV Inverse Allows you to take the underlying value or plot of a script and inverse it (should not be confused with Invert which is a different process).
INVMA Hurst Inverse Moving Average The Inverse Moving Average was a tool that Hurst used to assist him in determining the dominant cycles on the chart. In a complex market it can be difficult the spot the cycles, this tool helps with that. Hurst often referred to this as an "Inverse Half-Span Average"
ISMEMBER Is Member Will show a true results when the underlying chart is a member of the selected index (S&P500 for example) and a false result when it is not a member. Requires Optuma Symbol Lists.
ISTICKER Is Ticker Returns whether the source is the same code as the passed in. This can be used to match a single code when scanning a list of codes.
JDKRS RRG Lines The RRG Lines tool is a proprietary tool, based on the work of Julius de Kempenaer.
KAGISWING Kagi Swing Kagi charts are believed to have been created around the 1870's in Japan. Kagi charts, as with Gann Swing charts, display rising and falling vertical lines to indicate price action while ignoring the time element. The lines created by Kagi charts are usually displayed as thick or thin depending on price action, direction and the point at which prices penetrate a previous high or low. Optuma, however, distinguishes between the thick and thin lines using colour. Blue represents thick lines and Green represents thin lines.
KC Keltner Channel Keltner Channels are based on a standard Moving Average. The actual band lines are offset by a positive and negative standard deviation value from the central moving average value, to provide upper and lower bands.
LAST Last Value Displays only the last value of a script or data point.
LN Natural Log Allows you to apply a Natural Logarithm to the script value.
LOG Log 10 Allows you to apply Log 10 to the script value.
LOGN LogN xxx
LOW Low The low function returns the lowest value of each bar of the source data
LOWESTLOW Lowest Low Allows you to search for the Lowest value over x periods. You can define the look back period, or set it to All Time. This can be done on charts, or indicator values.
LOWESTSINCE Lowest Low Since Signal Allows you to search for the Lowest value over x periods but only after a specific criteria has first been met. For example, a Moving Averages lowest value in the last 30 days, after the Close price crossed below the MA line.
LPP Lowest Price Period Lowest Price Period uses the lowest low over a user selected period (240 bars by default), and finds the bars where its current low is less than the lowest low.
LRINT Linear Regression Intercept The Linear Regression Intercept tool calculates the line of best fit to the market price, using the least squares method, and is plotted on the chart in a way that is similar to a moving average. However, rather than being a simple averages calculation, the Linear Regression Intercept tool represents a statistically fitted line which reacts faster to changes in price when compared to a Moving Average.
LRSLOPE Linear Regression Slope The Linear Regression Slope tool calculates a slope value of theoretical regression lines involving the current bar and the previous (user selected) bars, with the final value of the slope being normalized and displayed as a histogram.
LTTR Latitude Transits The Latitude Transits tool will plot the times that selected planets are at maximum North and South latitude during their orbit.
MA Moving Average A Moving Average is a continuous calculation of the average price for each bar. A simple Moving Average takes the last X number of bars, and averages the values of those bars.
MAA Moving Average Angle Moving Average Angle uses an ATR and a moving average, and calculates the ratio difference of the ATR and the change between current average and a user defined lookback average (2 bars by default).
MAB Moving Average Bands Moving Average Bands are based on a standard Moving Average. The actual band lines are offset by a positive and negative value from the central moving average value, to provide upper and lower bands.
MACD MACD Histogram A MACD (Moving Average Convergence Divergence) is the difference between an Oscillator and a Moving Average of that Oscillator. MACD''s are usually calculated using exponential Moving Averages based on the close of the bars
MACLUSTERSCAN MA Cluster Scan Allows you to search for the convergence or divergence of 3 (user defined) Moving Averages.
MAX Maximun Allows you to display the maximum value between two functions. For example if two Moving Average lines were on a chart (V1 and V2), the MAX(V1, V2) function would return the value of the highest Moving Average line.
MDM Minus Direction Movement xxx
MFI Money Flow Index Money Flow Index is a similar indicator to the Relative Strength Index, however the Money Flow Index uses volume to measure the strength of the money flowing in and out of the security.
MIDAS Midas The Midas indicator was developed by Paul Levine. Midas is an acronym for Marketing Interpretation Data Analysis System. This system is designed to focus on the dynamic interplay of support/resistance and accumulation/distribution in determining price behaviour.
MIN Minumum Allows you to display the minimum value between two functions. For example if two Moving Average lines were on a chart (V1 and V2), the MIN(V1, V2) function would return the value of the lowest Moving Average line.
MINUTE Minute Data Allows you to override the default time frame a script is placed on and reference miniute values instead (requires Intraday data access).
MKF Market Facilitation Index The Market Facilitation Index is an indicator that relates price range to volume. This is calculated as MKF = (High - Low) divided by Volume
MOD Modulo The modulo function MOD(x,y) returns the remainder after x has been divided by y. For example, MOD(23,5) will return a value of 3, where 23 ÷ 5 is 4 remainder 3.
MOMENTUM Momentum The Momentum tool measures the price momentum of a security. High values indicate that the security is rapidly increasing in price, low values indicate the price is rapidly falling.
MONTH Monthly Data Allows you to override the default time frame a script is placed on and reference Monthly values instead.
MONTHNUM Month Number Allows you to represent the month as an integer (between 1 - 12).
MOON Moon Phases The Moon Phases tool graphically displays on the chart the dates for the First Quarter, Full Moon, Third Quarter and New Moons.
MOONTR Apogee Perigee The Apogee and Perigee mark the times when the moon is closest and furthest from Earth in its orbit around Earth.
MOVR Moving Retracement The Moving Retracement tool is particularly useful to easily find price retracements within a time period, for example a year, month, or week, or from the start of a major range, where the high and low prices of a range change. The Moving Retracement is closely related to the Price Retracement tool.
MSI Midos SI The MIDOS SI tool was developed by Dennis McNicholl and is documented in his book ''Taming complexity in Trading: beating the DOW 3 to 1''.
MVWAP Moving Volume Weighted Average Price The Moving Volume Weighted Average Price (MVWAP) is a longer term tool which is in essence an averaged value of multiple VWAP indicators.
NA Natal Transits The Natal Transits tool allows you to display important aspects that correlate not with another planet, but with a selected date. This essentially allows you to plot when a planet is Trine, Square, Conjunct, Opposite (or any other selected angle) with its longitude position on the selected date.
NONZERO Non-Zero A quantity which does not equal zero is said to be nonzero. Useful when using boolean conditions.
NOREPEAT No Repeat On a boolean script this function allows you to set a period of time where results are excluded after they have been met once. The exclusion time is set as x number of bars.
NUMSEARCHER Number Searcher The Number Searcher tool will display lines and labels between price swings for time (both calendar days and bars) and price, based on user-defined values. The tool can help save you a lot of time identifying specific cycles or patterns on a chart.
OBV On-Balance Volume On Balance Volume is an oscillator, which relates price movement to volume.
OBVP On-Balance Volume % On Balance Volume is an oscillator, which relates price movement to volume and is displayed as a percentage.
OFFSET Offset This function allows you to Offset a plot of value within the script. For example the offset is measured in bars, so a value of OFFSET(2) will push the script plot forward 2 bars and -2 will move the script plot back 2 bars.
OI Open Interest Open Interest is used to indicate the number of contracts outstanding, i.e. the number of contracts that must be settled before the expiry date of the commodity. Not all data files have Open Interest.
OPEN Open The open function returns the opening value of each bar of the source data
OPTEX Optex Bands The OPTEX Bands is used to show or identify when a security has reached a potential price extreme. It is looking to find price exhaustion. The Balance Quotient (BQ) line in conjunction with the bands that run along the top and the bottom of the study pane is used to show when price reaches those potential extreme areas. When the BQ line breaches the red level 1 or is near level 2 price is potentially topping. When BQ line breaches the blue level 2 or is near level 1 price is potentially bottoming.
OPTTRIG250 Optex Trigger 250 This tool will highlight any bar where the BQ Line of an OPTEX Band touches the level 2 blue line.
OPTTRIG250T Optex Trigger 250 Trend This tool will highlight any bar where the OPTEX Band touches the level 2 blue line and the main trend is up.
OPTTRIG300 Optex Trigger 300 This tool will highlight any bar where the BQ Line of an OPTEX Band is within a specified range tolerance of the level 1 blue line.
OPTTRIG300T Optex Trigger 300 Trend This tool will highlight any bar where the BQ Line of an OPTEX Band is within a specified range tolerance of the level 1 blue line and the main trend is up.
OSC Oscillator An Oscillator is a measure of the difference between two moving averages. The moving averages are usually defined as a fast (calculated over few periods so it reacts quickly to changes in the market) and slow (calculated over many periods, it reacts slowly). See Moving Averages for more information.
OSOB Oversold & Overbought A colour overlay indicator to show whether the bar is oversold or overbought. Oversold occurs if the close is greater than the lowest low + ATR over a number of period. Overbought occurs if the close is lower than the lowest high + ATR over a number of period.
PA Planetary Aspects The Planetary Aspects tool will display the dates any user selected planetary relationship occurs.
PAG Planetary Angles The Planetary Angles tool graphically displays on the chart the dates where a selected planet passes a user specified angle.
PARENT Parent Is similar to Security() but it just gets the source of whatever tool it is added onto.
PATTERNMATCHER Pattern Matcher The Pattern Matcher tool generates a swing list between two selected mouse points and measures the highs and lows (in percent and bars). The Pattern Matcher will then run through the entire chart to find other instances where that same pattern occurred.
PCLU Price Clusters 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 Price Cluster tool has been designed with this problem in mind, and resolves the issue by highlighting horizontal tool convergences in a simple, uncluttered manner.
PDC Declination The Planetary Declination is a tool that plots a selected planet''s movement as it travels above and below the Sun / Earth (depending on whether Heliocentric, Geocentric or Sidereal is selected).
PDI Time By Planetary Degrees The Time By Planetary Degrees tool will plot a vertical line every time a selected planet has travelled a set amount of degrees. The tool allows you to set multiple degree counts in the one tool.
PDM Plus Direction Movement
PEAK Peak The Peak indicator shows the highest high over a user selected period (2 bars by default).
PEAKTROUGH PeakTrough
PERCENTSWING Percent Swing The Percent Swing Charts work on the premise of measuring the moves in the market from highs to lows. The swing will only turn when the required move has been reached, for example, a 5% swing will only change direction once the price has moved 5% away from the previous swing point.
PERFORMANCE Performance Measures the range between two values over a user defined period (1 month by default) and displays the results as a percentage. For example if a charts price moved from $50 to $100 in a month, PERFORMANCE() would return a value of 100%.
PERIODOGRAM Periodogram Based on the Cycle Analysis methods of JM Hurst the Periodogram performs a phasing analysis by using Fourier Transform Calculations. The peaks in the Periodogram show the dominant cycle lengths for the data that it is applied to.
PGT Planetary Geometry The Planetary Geometry tool is used to highlight dates on a chart where various geometric aspects of selected Planets and other astrological objects have occurred. The geometric aspects range from fairly simple formations such as the Grand Trine to more complex ones, such as the Flying Eagle.
PI Percentage Increase The Percentage increase tool takes the 1st closing price of the chart and provides a percentage comparison of each closing value after that. This gives you the ability to see the stocks performance over time, in comparison to its listing / float price.
PID Peak ID Peak ID is a visual representation of the bars that has positive moving average gradient where current average price is greater than previous average price.
PIVOT Pivot Function The Pivots indicator is a series of pivot points calculated everyday and are used to determine the overall trend of the market over different time frames using the average of the HLC of the previous bar. Pivot lines are then drawn based of a user selected series of ratios (Standard, Fibonacci or Camarilla).
PIVOTPOINT Pivot Point The Pivot Point indicator is used to determine the overall trend of the market over different time frames using the average of the HLC of the previous bar. Pivot lines are then drawn based of a user selected series of ratios (Standard, Fibonacci or Camarilla).
PLD Planetary Decans The Standard Ephemeris is broken into 12 sections known as the zodiac, or houses (Aries, Leo, etc) which cover a section of 30 degrees each. Planetary Decans take these 30 degree houses, and divides them by 3, giving you 36 sections of 10 degrees each.
PLS Planetary Signs The Planetary Signs tool highlights the zodiac zone on a chart, indicating the transition of a selected planet as it moves though each zone.
PLSC Planetary Sign Changes A boolean function which shows a true result on the date a selected planet moves from one house to another house on the ephemeris (eg Mars moves from Cancer to Leo). Planets and Houses can be enabled / disabled within the script function.
PLT Planetary Latitudes For the given planet, shows the times when the Latitude is at the Max North and Max South.
POINTSWING Point Swing The Point Swing Chart Overlay is used to superimpose a Point Swing Chart over a bar based chart (bar, candle, range, or line). The swing lines are drawn as straight lines joining swing tops to bottoms.
POSC Price Oscillator The Price Oscillator uses two moving averages, and calculates the difference between them. This can be used to determine overbought / oversold conditions as well as to confirm bullish / bearish price moves.
POWER Power Used to raise to a power eg POWER(CLOSE(), POWER=2) to square the closing price
PRICEATSIGNAL Price At Singal Allows you to find the price of a chart when a specific criteria is met. For example the closing price of a chart when a Moving Average crossed another Moving Average.
PRLTR Parallel Transits The Parallel Transits tool displays the dates where two selected planets have a declination parallel to each other, or a declination contra-parallel to each other.
PSAR Parabolic Stop & Reverse The Parabolic Stop and Reverse indicator derives it name from the fact that when applied it resembles a parabola. The Parabolic Stop and Reverse has been designed to set price stops and provides excellent exit points.
PSP Planetary Speed Measures the variation in a selected planets Longitude speed and displays the oscillation below the chart.
PVAL Planet Value Allows you to reference / display planetary values in a script. Options include Longitude, Latitude, Speed, Right Ascension, Declination, and Distance. These values can be outputted in Degrees or Radians.
QQE Quantitative Qualitative Estimation The Quantitative Qualitative Estimation indicator is derived from smoothing a Welles Wilder RSI and measuring the change between two consecutive values of that RSI. The absolute changes are double-smoothed exponentially and multiplied to provide the Fast and Slow trigger lines.
QUARTERNUM Quarter Number Allows you to represent the yearly quarter as an integer (between 1 - 4).
RADTODEG Radian To Degree Converts Radian values into Degree values.
RANGECHART Range Chart A Range Chart is a type of tick chart that creates new bars based on a predetermined price range. This range is set by the user to calculate the difference between the high and low value for each bar. The bar will continue to build as long as this high/low range is less than or equal to the user-defined range. Once a trade occurs outside this range, a new bar is formed and the calculation resets and continues. For example, if you set a $2 range for a non-volatile stock, if the trading activity never expands beyond $1 (i.e. a trading range of 46.50 to 48.20), then you'd only paint one bar for that activity.
RATCHET Ratchet The Ratchet function allows a script plot to only increase in value (or vice versa), typically used in scripting stops.
RECOILS Recoils The Recoils tool is a time cycle tool that plots windows of opportunities where trends may begin and end for a given security. There are 8 recoil time cycle and they have varying lengths and repeating periods. When applying this tool we suggest that you try apply each of the Recoil types and verify which one might resonate best with your security of interest.
RFE Range From Extremes The Range from Extremes indicator will take the highest high and lowest low over a specified look back period (Last Year by default) and display measurements using the current close price as a Percentage, Standard Deviation or Average True Range. The RFE() scripting function allows you to calculate these values for use in other features, such as a watchlist. The following example shows the % from the 6-month high: RFE(BACKTYPE=Months, BARS=6, DEFAULT=High)
RI Return of Interest The Return of Interest tool shows the possible dollar return (on a $10, 000 account) for a security on any given period. This is calculated by dividing a $10, 000 account by the closing price.
RIC Relative Index Comparison The Relative Index Comparison tool shows the difference between two percentage increases from the code the tool is applied to, and a selected index.
RL Planetary Retrograde The Planetary Retrograde tool highlights the range on a chart where a selected planet is in retrograde.
ROA Hull Rate of Annual Decline/Return The Hull Rate of Annual Decline indicator is used to calculate the annual rate of decline of a share given its current rate of fall. It achieves this by calculating the annual decrease in price activity and then dividing it by the current share price. The result is then multiplied by 100 to convert it to a percentage.
ROAR Hull Rate of Annual Return The Hull Rate of Annual Return indicator is used to calculate the annual rate of return of a share given its current rate of climb. It achieves this by calculating the annual increase in price activity and then dividing it by the current share price. The result is then multiplied by 100 to convert it to a percentage.
ROC Rate Of Change Rate of Change is used to display a measurement of the momentum of a security. High values indicate that the security is rapidly increasing in price, low values indicate the price is rapidly falling.
ROUND Rounding The Round() function in scripting allows you to directly control the decimal places a script value outputs and works with.
RRR Risk Reward Ratio Built on top of the Volatility Based Support and Resistance, this tool calculates a unique measure of the potential long reward and long risk at any given time based on volatility.
RSI RSI The Relative Strength Index is a momentum oscillator that measures the speed and change of price movements. RSI moves between 0 and 100. Generally the RSI is considered overbought when above 70 and oversold when below 30.
RSIA RSI & Averages The RSI & Averages is a proprietary tool, based on the work of Constance Brown from Aerodynamic Investments Inc. For more information, please visit https://aeroinvest.com/
RV Relative Volatility The Relative Volatility indicator oscillates between a value of 1 (True) and 0 (False). A value of 1 will display when (by default) the 10 period ATR is higher than the 50 period ATR.
RVI Relative Vigor Index The Relative Vigor Index compares the closing price relative to its price range which is then smoothed by a moving average.
RVII Relative Vigor Index Indicator The Relative Vigor Index Calculator is an averaged / smoothed line of the standard Relative Vigor Index tool. A second Moving Average line is applied to the smoothed RVI line to provide additional smoothing.
RVIND Relative Volatility Index The Relative Volatility Index was developed by Donald Dorsey to assist in measuring market strength. While similar to the Relative Strength Index, the RVI measures the standard deviation of high and low prices (over a user-defined period) displaying values between 0 to 100.
SCRIPT Script Function Allows you to reference a previously saved script for use in a new script.
SECTORDATA Sector Data Uses the Bloombergs Index information to plot the codes underlying Index (including Level 1 - 4 where supported).
SECURITY Security Will return the primary security of the chart. This means that you can do a show bar on a RIC and be able to access the base data of the security.
SELF Self Allows a script to reference itself (previous value).
SHADE Shade Allows you to add a shaded zone between two scripted plots.
SIGNALAFTER Signal After Allows you to search for a specific criteria, but only after another criteria is met first. For example a Moving Average cross over after Volume is 20% above the 30 day average.
SIN Sine Sine is a standard math function.
SMI Stochastic Momentum Index The Stochastic Momentum Index (SMI) is a variant of the Stochastic Oscillator indicator, which shows the distance between the current close and the recent n-period high/low range. In comparison, the SMI shows where the close is relative to the midpoint of the same range.
SQ9DATE Square of 9 Dates The Square of 9 Dates tool is similar to the Time by Solar Degrees tool, with the main difference being once the tool has calculated the first date for each degree line, it repeats that date every year.
SQ9INT Square of 9 Planetary Intervals The Square of Nine Planetary Intervals tool is a unique analysis tool combining the use of the Square of Nine and planetary movements. From a selected date, the Square of Nine Planetary Intervals will identify the planet''s angle, then using the Square of Nine, the tool will determine the next number in the Square of Nine series, calculate what date the planet was sitting at that angle and then plot a line.
SQRT Square Root Square Root is a standard math function.
STD Standard Deviation Standard Deviation is a statistical measure of volatility. It is normally applied together with other indicators.
STLB Stoller Bands Stoller Bands comprise a channel surrounding a Simple Moving Average. Their creator is Manning Stoller. The width of the channel differs depending on a period of the average range. Stoller Bands are based on the average true range instead of being based on closes.
STOCH Stochastic A Slow Stochastic simply uses the %D line as the %K line and calculates a new moving average of the %K(old %D) as the new %D line.
STOCHSCAN Stochastic Scan Coming Soon
STOP Stop Coming Soon
STOPLOSSSCAN Point Percent Stop Loss Scan Coming Soon
STRDATE StrDate Coming Soon
STUTSCAN Short Term Up Trend Scan Coming Soon
SVTS Short Volatility Trailing Stop Coming Soon
SWINGDOWN Swing is Down The swingdown function returns the value 1 when there is a down swing from the source data
SWINGEND Swing End The swingend function returns the end value of each swing of the source data
SWINGINDEX Swing Index Coming Soon
SWINGSTART Swing Start The swingstart function returns the start value of each swing of the source data
SWINGSTAT Swing Statistics The Swing Statistics Box calculates the standard deviation and mean of the selected swing(s) and then plots a shaded box which indicates the possible direction and scope of the next swing based on the statistics. Additional boxes can be added and the statistical calculation is then derived from all boxes in the sequence.
SWINGUP Swing is Up The swingup function returns the value 1 when there is an up swing from the source data
SWITCH Switch SWITCH() is a Boolean function - giving a true or false result. The primary use of this function would be with indicators such as the RSI, however, it can be used in any situation where you may wish to set an upper-value target and a different lower value target as true / false flags.
SYSTEMTEST SystemTest Coming Soon
TAN Tangent Tangent is a standard maths function.
TARGET Target Coming Soon
TBD Time By Solar Degrees The Time by Solar Degrees tool will display a number of vertical lines on your charts based on degree separations. The degree separations are user defined, so it is up to you to work out which degree separations work best. Gann always preferred numbers such as 49 and 144.
TBF Midas Top/Bottom Finder Using the Midas rules with an exponential factor, this tool is useful for finding changes in Trend.
TBSYN Time By Synodic Degrees Time by Synodic Degrees is a tool that enables you to apply the Synodic Degrees of two planets onto your charts. The synodic period is the temporal interval that it takes for an object to reappear at the same point in relation to two other objects (linear nodes), i.e. the moon relative to the Sun as observed from Earth returns to the same illumination phase.
TDI Traders Dynamic Index The Trading Day Intervals tool creates a number of vertical lines on the chart based on a user-specified number of trading days. The intervals are calculated from an initial point known as the Anchor point.
TEMP Temperature Temperature is an oscillator that follows price movement. It follows certain rules to display values from 5 to -5.
TID Trough ID Trough ID is a visual representation of the bars that has negative moving average gradient where current average price is less than previous average price.
TIMESINCESIGNAL Time Since Signal Allows you to display the number of bars / days / weeks / months or years since a specified criteria has been met. For example x number of bars since the last Moving Average crossover has occurred.
TO Turn Over Turnover provides a better indication of the liquidity of a security. i.e. the dollar value of the security that has turned over for the selected time period.
TRENSTR Trend Strength Trend Strength uses an ATR and two moving averages. It calculates the difference of the moving averages and find the relationship between ATR and change of averages.
TRIX TRIX The TRIX tool is an oscillator used to identify oversold and overbought FX markets. It can also be used as a momentum indicator.
TROC True Rate of Change The True Rate of Change takes the absolute price range between two points and divides by the number of bars, to give an average price move per bar (the true rate of change).
TROUGH Trough The Trough indicator shows the lowest low over a user selected period (2 bars by default).
TRUERANGE True Range Coming Soon
TSI True Strength Index The True Strength Index is a momentum indicator based on two exponential moving averages (typically 25 and 13 periods), with a 7 period EMA used as a signal line.
UO Ultimate Oscillator Developed by Larry Williams, the Ultimate Oscillator is a momentum oscillator designed to capture momentum across three different time frames in an effort to avoid common problems other momentum oscillators encounter. Standard momentum oscillators limited to one time frame will often rise sharply at the start of an advance, then form bearish divergence as the trend continues. The Ultimate Oscillator works to overcome this by utilising longer time frames into the core calculation.
VAD Volume Advance Decline The Volume Advance/Decline tool displays the cumulative advances and declines in a securities volume.
VALUEWHEN Value When Signal Allows you to find the value of an indicator when a specific criteria is met. For example the RSI value when a Moving Average crossed another Moving Average.
VBM Volatility Based Momentum The building blocks of all ND Research volatility tools. The DLRL and DSRS lines represent a volatility based momentum, a calculation that has taken many years to perfect.
VBSR Volatility Based Support & Resistance Volatility Based Support and Resistance is a volatility tool that defines important support and resistance zones on a chart.
VC Value Chart Value Charts are used to determine bullish and bearish divergences, or is used as a trading filter.
VERGENCE Vergence Allows you to look for Divergence or Convergence between two plots. Also supports for consecutive (so has to occur 3, 4, 5 days in a row to trigger, etc).
VLU Home Trader Velocity US Home Trader Velocity US indicator uses an ATR and a moving average. It calculates the difference between current average and a user selected lookback average, and finds the relationship between ATR and the change of average prices.
VME Volatility Momentum End A tool based on the ND Research work that gives an indication of a possible end to a trend based on volatility momentum.
VOL Volume A visual representation of the number of shares / contracts transacted for the selected time frame.
VOLAP Volatility Average Percentage Volatility Average Percentage indicator is a visual representation of how volatile the current bar is. It finds the ratio between the ATR and the simple average price.
VOLATILITYSWINGS Volatility Swings Coming Soon
VOLP Volatility Percentage Volatility Percentage indicator is a visual representation of how volatile the current bar is. It finds the ratio between the ATR and Closing price.
VOLUME Volume A visual representation of the number of shares / contracts transacted for the selected time frame.
VPCI Volume Price Confirmation Indicator Developed by Buff Dormeier, CMT, the Volume Price Confirmation indicator is designed to show the intrinsic relationships between price and volume as a validation or contradiction of price trends.
VPT Volatility Profit Taker Volatility Profit Taker is based on an exponential Moving Average over the highs. The actual lines are offset by the ATR value from the central moving average value.
VTS Volatility Trailing Stop Volatility Trailing Stop line is offset by the highest / lowest amount between the close and ATR value of each bar.
VWAP Volume Weighted Average Price The Volume Weighted Average Price (VWAP) is similar to a moving average, however incorporates the days volume value into its calculation. The VWAP tool is used on Intraday timeframes, and represents the dollar value of all trading periods divided by the total trading volume for the current day.
VWMA Volume Weighted Moving Average The Volume Weighted Moving Average or VWMA is similar to a Moving Average, however, it incorporates volume in its calculation.
WEEK Weekly Data Allows you to override the default time frame a script is placed on and reference Weekly values instead.
WEIGHT Benchmark Weight If a Benchmark Weight value has been assigned to a symbol via EDF, or Bloomberg, you can reference this value in your scripts using this function.
WITHINRANGE Within Range The WithInRange() function allows you to find where a value is within x% of another value. For example, where the closing price of a stock is within 5% of the all-time high.
WR Williams %R Williams %R is a momentum indicator developed by Larry Williams that measures overbought and oversold levels.
WRPC Wilson Relative Price Channel Leon Wilson's article in the July 2006 Stocks and Commodities magazine, "The Wilson Relative Price Channel", introduces a new way to show overbought and oversold conditions. For more information on this tool please refer to Leon's 3rd book, "Breakthrough Trading"
WVS Wilder Volatility Stop The Wilder Volatility Stop plots a trailing stop calculated from Welles Wilder''s Average True Range calculation. The stop can be used on both bull and bear markets with the stop line plotting above the price in a downtrend and below the price on an uptrend.
WYTQ Wyler Kinetic Energy This tool, based on the theories of Joseph A. Wyler from the 1900s, uses a unique calculation for measuring the Kinetic Energy of any security.
XBARSTOP X Bar Trailing Stop Coming Soon
YEAR Yearly Data Allows you to override the default time frame a script is placed on and reference Yearly values instead.
YEARNUM Year Number Returns the year as an integer (ie 01-01-2017 to 31-12-2017 would return a value of 2017).

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