DVAN Trending

Overview

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 functionDVANTRENDING()

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 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.

Properties

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.