The Tetrad tool is made up of four points. As it relates to trading, two points of the Tetrad are used to identify the two extreme points of a range in price and time. The two points of the range are then used to plot one side of a square with angles of 90 degrees each. Reversals often take place when the market reaches the extreme right tip of the square.
To add a Tetrad to your chart, select the tool from the Geometric tool group, and left-click on the chart to add the first point of the tool. Next, left-click on the 2nd point on the chart and then Optuma will then draw the Tetrad on the chart using the default settings.
Actions & Properties
Scale: When selected you can nominate the Scale value to use. For example, if you use a scale of 2 then the tool will double in size.
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Tetrad 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 Tetrad 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 Tetrad 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 Structure Panel.
Reflect Squares: When selected the original Tetrad is duplicated in all directions on your chart.
Show Crosses: When selected a line will be drawn from the corner of each Tetrad to resemble a cross.
Line Style: This option expands to show the following:
- Line Style - The Line Style property 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 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.
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.