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Knowledge Base

Price Degree Intervals

Overview


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To add a Price Degree Intervals tool to your chart, left click the Tools menu, go to the Levels group and select the tool from the list. Left click on the chart once (the price does not matter as the indicator calculates from zero) move across to extend the lines of the tool and left click again to place it on the chart.

Actions & Properties


Actions


Add Price Alert: Selecting this action will set a Price Alert at the value the selected line position. For information on Price Alerts please click here.

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

Apply Settings to All: When multiple Price Degree Intervals 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 Price Degree Intervals 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 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's properties (such as the colour) you can save the adjustments as your new default setting. Each time you subsequently apply the tool to a chart it will display using the new settings.

Delete: Deletes the tool from the chart.

Properties


Tool Name: Allows you to change the name of the tool, as displayed in the Structure Panel.

Degrees: Click on this option to display the different degree levels.
To add a new level to the chart, left-click on the blue + button and enter the values as needed. To delete a level left-click on the red x.
  • Value - Sets the levels in degrees (e.g. 90 is 90 degrees around the Square of Nine chart). To change the value amount, click in the field and enter the new value.
  • Line Style - Sets the line colour, style, width and transparency of the levels.

Use Chart's Price Unit:
By default, the price unit of the chart is used in the tool calculation. Untick the box to manually adjust the value in the Price Unit property.

Price Unit: This option is available when the Use Chart's Price Unit box is unticked (see above). Enter a new value to manually determine what one unit of price is equal to in the tool's calculation (eg 0.1).

Repeats: This allows you to increase the amount of 360-degree cycles around the Square of Nine Chart, enabling you to easily identify key future price targets.

Extend Right: Check this box to extend the degree levels to the right.

Extend Left: Check this box to extend the degree levels to the left.

Show Prices: 
This provides an option to show or hide the price and degree values for each level.

Label Alignment: You can elect to display the labels in different positions in relation to the levels. There are 8 options available: Top Left, Top Right, Centre Top, Bottom Left, Bottom Right, Centre Bottom, Centre Left and Centre Right.

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

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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