Parabolic Trend Line
Overview
This tool can be used to draw a free hand Parabolic Trend Line on any chart. The Parabolic Trend Line may be used to determine trends and points of support and resistance.
To add the tool to your chart, select the tool from the Guppy tool group, and left-click on the first bar you want to calculate the tool from. Next, left-click on the bar where you want to calculate the tool to. Optuma will then draw the tool using the default settings.
Actions & Properties
Actions
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Parabolic Trend Line 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 Parabolic Trend Line 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 Parabolic Trend Line to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Properties
Line Style: The Line Style 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 Trend line. Moving the slider bar to the right increases the thickness of the line.
Line Colour: Allows you to select the colour of the Trend line. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structure Panel.
Adjust Arc: Use this slider bar to adjust the amount of curve that is in the trend line. Moving the slider to the left will increase the curve 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.
More Information
For further information relating to the application of this tool, visit Guppy Traders.