Hull Rate of Annual Return
Overview
The Hull Rate of Annual Return indicator is used to calculate the annual rate of return of a share given its current rate of climb. It achieves this by calculating the annual increase in price activity and then dividing it by the current share price. The result is then multiplied by 100 to convert it to a percentage.
Click here for the standard Annual Rate of Return tool.
The Hull Rate of Annual Return indicator is calibrated for weekly charts and as such will give very different readings when applied to a daily chart (or any other time frame for that matter). However, it can still be used on daily charts from a comparative point of view.
For more information on this tool, please visit Alan Hull’s website here.
To add the tool to your chart, select the tool from the Hull 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 Hull Rate of Annual Return 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 Hull Rate of Annual Return 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 Hull Rate of Annual Return 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.
Plot Style: Adjusts the display style of the indicator. There are 6 options available: Line, Dot, Histogram, Step, Shaded, Shaded Step.
Line Style: When Line is selected as the Plot 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 indicator line. Moving the slider bar to the right increases the thickness of the line.
Line Colour: Allows you to adjust the colour of the indicator 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: When selected the current Rate of Annual Return Indicator value will be displayed in the Price Scale.