DVAN Short Term Cycle

Overview

DVAN Short Term Cycle tool indicates shorter-term trend direction for quicker entry/exit and swing trading:

• Green histogram indicates a positive short-term trend
• Red histogram indicates a negative short-term trend
• The leading line (in blue) shows the leading force and indicates more prominent short-term changes when crossing zero

To add the tool to your chart, select the tool from the DVAN tool group, and left-click on the chart to add the tool. Optuma will then draw the tool in a window below the chart using the default settings.

Scripting functionDVANSHORTTERMCYCLE()

Actions & Properties

Actions

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 to Toolbar: Adds the selected tool to your custom toolbar.

Apply Settings to All: When multiple DVAN Short Term Cycle 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 Short Term Cycle 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 Short Term Cycle to a chart, the tool will display using the new settings.

Delete: Deletes the tool from the chart.

Properties

Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structures Panel.

Leading Plot Style: Expands to display the following properties:

• Plot Style - Allows you to change how the tool is displayed on your chart. There are 6 options available: Line, Dot, Histogram, Step, Shaded, Shaded Step.
• Line Style - The Line Style property allows you to adjust the type of the line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot and 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.
• Fill Up / Down Barrier - When the Plot Style is set to Shaded you are able to adjust the barrier value, the default value is 0.00.
• Fill Up Colour - When the Plot Style is set to Shaded you are then able to alter the Fill Colour for the tool.
• Fill Down Colour - When the Plot Style is set to Shaded you are then able to alter the Fill Colour for the tool.
• Fill Transparency - Use this slider bar to adjust the transparency of the shading. Moving the slider to the left will increase the transparency.
• Visible - When deselected the Leading plot will not be displayed.

Trend Plot Style: This expands to display the same property options as the Leading Plot Style.

Zero Plot Style: Expands to display the following properties:

• Line Style - The Line Style property allows you to adjust the type of the line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot and 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.
• Transparency - Use this slider bar to adjust the transparency of the zero line. Moving the slider to the left will increase the transparency.
• Visible - When deselected the zero line will not be displayed.

Offset: Moves the tool forward or backwards in time. The offset is measured in bars, so a value of 2 will push the tool forward 2 bars and -2 will move the tool back 2 bars.

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.