Jenkins Natural Ratio
The Jenkins Natural Ratio is a proprietary tool, based on the work of Michael Jenkins from Stock Cycles Forecast.
To add the tool to your chart, select the tool from the Jenkins tool group, and left-click on the bar on the chart you wish to calculate the tool from. Next, extend the lines and left-click again where you want it to end. Optuma will then draw the tool using the default settings. You can then left-click and drag the blue dot on the lines to extend them across your chart.
Actions & Properties
Add Price Alert: Selecting this action will set a Price Alert at the value the Horizontal Line is positioned.
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Jenkins Natural Ratio 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 Jenkins Natural Ratio 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 Jenkins Natural Ratio 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.
Levels: Adjusts the number of levels calculated from the initial 2 selected points.
Show Prices: When selected the price value will be displayed at each interval.
Label Alignment: Can elect to display the price label in different positions in relation to the interval line, there are 8 options available: Top Left, Top Right, Centre Top, Bottom Left, Bottom Right, Centre Bottom, Centre Left, Centre Right.
Font Size: Allows you to adjust the size of the text displayed for the price labels. Moving the slider bar to the right increases the font size.
Show Corrective Levels: When this option is selected corrective lines will be displayed on the chart.
Base Line Style: This option expands to show the following:
- Line Style - The Line Style property allows you to adjust the type of the interval lines 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 interval lines. Moving the slider bar to the right increases the thickness of the line.
- Line Colour - Allows you to select the colour of the interval lines. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
- Transparency - Use this slider bar to adjust the transparency of the interval lines. Moving the slider to the left will increase the transparency of the tool.
Corrective Line Style: When Show Corrective Levels is selected this option becomes available. This option expands to display the line properties of the Corrective Lines, the properties are identical to those listed for the Base Line Style.
Extend Left: When enabled, automatically extends the Jenkins Natural Ratio Lines to extend left across the chart as far as possible.
Extend Right: When enabled, automatically extends the Jenkins Natural Ratio Lines to extend right across the chart as far as possible.
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.
For more information on how to use the Jenkins Natural Ratio tool, click here.