Applying Tools & Indicators
Overview
Optuma has over 300 tools and indicators to help you analyse the markets and make informed trading decisions. There are two ways to add them to your charts:
Tools Menu
When selected, the Tools menu will display three sections: the left side shows the tool groups enabled on your account, the middle shows the most recently used tools, and the right side shows a screenshot and description of the selected tool.
By left-clicking on any of the tool groups in the left-hand pane of the window will change the display to list the tools available in that group. Rolling the mouse over a tool provides a screenshot and a brief description of its function.
It is also possible to type a description of the tool you are looking for in the Type to search for tools field. For example, if you type the word ‘moving’ this will display a list of all the tools that include the word ‘moving’ in their description. You can then just left-click on the tool that you want to apply to your chart.
The tools group is broken up into two sections. The top section allows you to search for any tool available in the program. As you type, a list of tools matching your criteria is displayed. The second section displays the most recently used tools which you can click on to re-apply to your chart.
Right-Click Menu
It is also possible to apply a tool to your chart by right-clicking on the chart and selecting the Spanner icon.
From here you can start typing the name of the tool you are seeking and a list of matching tools will be displayed to select from. When you first select the Spanner icon a list of the most recent tools you have accessed will be displayed.
You can also expand the Tool menu by clicking the left and right arrows as highlighted above.
Video
Intro to Tools
This video is pulled from the Optuma 101 course that you can access here. This course takes you through the basics of Optuma and helps you get up and running and using Optuma to its full potential. In this video, Darren Hawkins, MSTA, takes you through how to apply and adjust tools in Optuma.
Intro to Tools Part 2
Now that we have covered the basics of how to apply and adjust tools, in this video, we look at some of the more advanced features and properties of tools.