Scott Barometer

Overview

A Compendium of Astro-Economic Influences Practically Applied to 110 Year Analysis of the Dow Jones Industrial Averages was written by Richard Scott in 2010. The Scott Barometer tool, based on this work, helps identify an overall upward or downward market trend based on combinations of prevailing astrological influences.

You can purchase this tool and add it to your account using the Optuma store: https://portal.optuma.com/store/scott-barometers/

To add the tool to your chart, select the tool from the Astro 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.

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 Scott Barometer 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 Scott Barometer 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 Scott Barometer 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.

Terms: Allows you to select which of the 3 lines are displayed on the indicator (Short Term, Mid Term, and Long Term).

Offset: Move the lines of the Scott Barometer forward of backwards in time (measured per bars).

Plots: Allows you to adjust the colour and display style of each line on the Scott Barometer tool (Short Term, Mid Term, Long Term and Average Line).

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: Displays the values of each line on the Scott Barometer tool in the price scale.