DVAN Trending tool measures momentum in the underlying security and indicates periods of trending and points of momentum change.
- Green dots on price bars indicate the asset is trending upward and represents a confidence level for position management of long trades, enabling a trader to hold a position longer
- Red dots on price bars indicate the asset is trending downward and represents a confidence level for position management of short trades, enabling a trader to hold a position longer
- A blue dot shows the bar where a change in momentum from negative to positive occurs
- A purple dot shows the bar where a change in momentum from positive to negative occurs
To add the tool to your chart, select the tool from the DVAN tool group, and left-click on the chart or indicator on which you wish to add the tool. Optuma will then draw the tool using the default settings.
Scripting Function: DVANTRENDING()
Actions & Properties
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.
Add Technical Alert: When selected, a Technical Alert will be created for the selected security.
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple DVAN Trending 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 DVAN Trending 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 DVAN Trending 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.
Trend High: Sets the Trend High colour.
Trend Low: Sets the Trend Low colour.
Trend Up: Sets the Trend Up colour.
Trend Down: Sets the Trend Down colour.
Dot Size: Allows you to adjust the size of the tool. 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 all plot values will be displayed in the Price Scale.