Hart Swings Chart Overlay
Overview
The Hart Swing is a trend indicator and can be used much like Gann Swings. The tool was developed by Joseph Hart of Trend Dynamics.
Through the use of a series of time filters, the tool segregates price action into encompassable components, and in doing so filters out the noise of other time frames.
To add the tool to your chart, select the tool from the Barros 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 Function: HARTSWING()
Actions & Properties
Actions
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Hart Swings Chart Overlay 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 Hart Swings Chart Overlay tools in the chart, page or entire workbook to be updated instantly.
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.
Refresh Field Data: Selecting this will update the data field.
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 Hart Swings Chart Overlay 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 Structure Panel.
Initial Swing: Sets how many time periods (bars) must take place in the same direction for the initial swing to turn. For example, if set to three, there would need to be three successive higher bars before a downswing could turn up.
Show Initial Swing: Check this box to display the initial swing. Uncheck to hide the swing.
Mid Swing: Sets how many time periods (bars) must take place in the same direction for the Mid swing to turn.
Show Mid Swing: Check this box to display the Mid swing. Uncheck to hide the swing.
Final Swing: Sets how many time periods (bars) must take place in the same direction for the Final swing to turn.
Show Final Swing: Check this box to display the Final swing. Uncheck to hide the swing.
Filter Percentage: Sets the filter percentage value to use in the calculation of the swings.
Show Labels: When selected the price value of the last bar where the Hart Swing overlay ends will be displayed.
Font Size: Adjusts the size of the Hart Swing labels. Moving the slider bar to the right will increase the size.
Initial Swing Style: This option expands to show the following:
- 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, 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.
Mid Swing Style: This option expands to show the properties of the Mid Swing plot style. The properties are identical to those listed for the Initial Swing Style.
Final Swing Style: This option expands to show the properties of the Final Swing plot style. The properties are identical to those listed for the Initial Swing 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.
Show In Price Scale: When selected, the current Hart Swings Chart Overlay values will be displayed in the Price Scale.