Jenkins Line
Overview
The Jenkins Line is a proprietary tool, developed by Michael Jenkins from Stock Cycles Forecast. The Jenkins Line can calculate from one user defined point on the chart, a series of horizontal lines that are exact square root increments of the low (or high) selected.
Based on the Gann Square of Nine principle that the square root of a number incremented by 2 and re-squared is one full circle around the wheel, these fractional roots are the minor stopping points all along the way and they are extremely precise.
The Jenkins Line tool also allows you to increment by any amount, which is useful for research.
To add the tool to your chart, select the tool from the Jenkins tool group, and left-click on the bar on the chart you wish to calculate the tool from. Next, extend the lines and left-click again where you want it to end. 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 Jenkins 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 Jenkins 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 Jenkins Line 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.
Use Chart’s Price Unit: By default, the price unit of the chart is used in the tool calculation. Untick the box to manually adjust the value in the Price Unit property.
Price Unit: This option is available when the Use Chart’s Price Unit box is unticked (see above). Enter a new value to manually determine what one unit of price is equal to in the tool’s calculation (for example, 0.1). For more information, click here.
Price Interval: Adjusts the square root value used to calculate the Jenkins Line interval lines.
Decimal Places: Adjust the number of decimals displayed on the line values.
Levels: Adjusts the number of intervals that are calculated and displayed on the chart from the base line.
Show Price: When selected, the price value will be displayed at each interval.
Font Size: Allows you to adjust the size of the text displayed for the price labels. Moving the slider bar to the right increases the font size.
Label Alignment: Can elect to display the price label in different positions in relation to the interval line, there are 8 options available: Top Left, Top Right, Centre Top, Bottom Left, Bottom Right, Centre Bottom, Centre Left, Centre Right.
Data Type: Select from Bars or Calendar Days to use in the calculation.
Extend Left: When enabled, automatically extends the Jenkins Lines to extend left across the chart as far as possible.
Extend Right: When enabled, automatically extends the Jenkins Lines to extend right across the chart as far as possible.
Line 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 lines. Moving the slider bar to the right increases the thickness of the line.
Line Colour: Allows you to select the colour of the lines. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
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 more information on how to use the Jenkins Line tool, click here.