“Look to the left!” is a common exclamation by instructors to trading students when looking at market charts. Why? To find levels of support and resistance that may again be effective in impacting the trend of the market. This is made easy within Optuma using the Custom Tool “Support and Resistance Hitter” ("S&RH") that tags the recent Tops and Bottoms that are within a user defined tolerance percent range of previous Gann Swing Tops and Bottoms.
Being able to quickly identify that Gann Swing Highs and/or Lows are close to a support and resistance level ("S&RL"), and looking left at those Swing Tops and Bottoms provides a quick indication of the significance of the S&RL, providing the analyst/trader with a potential setup worthy of further consideration. The S&RH tool has properties to allow the analyst to determine the number of Top/Bottom Hits, the greater the number of Hits the more significant the S&RL. The analyst can set the "Lookback number of swings" to be evaluated and this is highlight by a Gann Swing Overlay for those swings.
This functionality is applied to Optuma charts using the “Support and Resistance Hitter” custom tool ready for use within Optuma.
The “Support and Resistance Hitter” can be used on charts in any time frame and any price range.
The “Support and Resistance Hitter” tool kit comprises 2 files within a ZIP file: “Support and Resistance Hitter, Ed 20200829.zip”. They are:
The Support & Resistance Hitter” Tool Kit will be sent to you by email within 2 business days of receipt of your payment of Tool AUD$35.00 and, most importantly, your Optuma Client ID (not the Username) which can be found in the Optuma "Help > About" dialogue.
Click here to make your Payment via the PayPal web portal.
On the PayPal Page: Please ensure you click the "Write a Note (optional)" label and type in the reason for your payment. Don't forget to include your Optuma Client ID.
The Analysis Results, Analysis Tools and Auld Tyma Chart Data are provided on an "As Is" basis and the USER uses it at their own sole risk. No liability whatsoever shall be accepted by the Auld Tyma or Auld Tyma Data for any outcome whatsoever arising as a result of the use of that material by the USER.
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