Oliver Wedge

Overview

The Oliver Wedge is a proprietary tool, based on the work of Alan Oliver from Trading With Gann.

To purchase this tool in the Optuma store, click here.

Note: The Wedge tool can only be applied to a Gann Swing Chart, and not the overlay.

To add the tool to your chart, select the tool from the Line Studies 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 functionOLIVERWEDGESCAN()

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 Oliver Wedge 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 Oliver Wedge 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 Oliver Wedge 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.

Start Points: This provides an option to increase or decrease the number of start points for the tool.

Bullish Line Style: Expands to display the properties for the bullish wedge. The following properties can be adjusted:.

• 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.
• Line Transparency - Use this slider bar to adjust the transparency of the line. Moving the slider to the left will increase the transparency.
• Fill Colour - Sets the shading colour for the bullish wedge.
• Fill Transparency - Use this slider bar to adjust the transparency of the bullish wedge shading. Moving the slider to the left will increase the transparency.

Bearish Line Style: Expands to display the properties of the bearish wedge. The properties are identical to those listed in the Bullish Line Style.
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.