You can choose from, Open Price, Closed Price, High Price, Low Price, HL (High + Low / 2), HLC (High + Low + Close / 3), OHLC (Open + High + Low + Close / 4), OC (Open + Close / 2) or Median. This option is used to determine which components of the data are used in calculating the Moving Averages. The calculation options are Exponential, Simple, Weighted, Smoothed, Modified or McGinley.Ĭalc Using: The Price Oscillator uses Moving Averages in its calculations. Tool Name: Allows you to adjust the name of the tool, as it's displayed in the Structures Panel.Ĭalc Style: This option allows you to change the type of calculation used by the Moving Averages in the Price Oscillator. Each time you apply a new Price Oscillator to a chart, the tool will display using the new settings. 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. 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. 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. 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. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Price Oscillator tools in the chart, page or entire workbook to be updated instantly.Ĭopy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window. POSC(STYLE=Simple, CALC=Close, PTYPE=Percentage, BAR1=50, BAR2=200) Crosses 0Ĭopy 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.Īdd to Toolbar: Adds the selected tool to your custom toolbar.Īpply Settings to All: When multiple Price Oscillator 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. Scripting Function: POSC()For when the 50/200 MA oscillator crosses 0: Optuma will then draw the tool in a window below the chart using the default settings. To add the tool to your chart, select the tool from the Averages tool group, and left-click on the chart to add the tool. In this example AUDUSD is currently trading at 6.8% above its 200 day MA: Note: if one of the averages is set to a value of 1 it will show the percentage difference from the closing price. This example shows the percentage difference between the 50 and 200 period moving averages: This can be used to determine overbought / oversold conditions as well as to confirm bullish / bearish price moves. The Price Oscillator uses two moving averages and calculates the difference between them.
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