Optuma Script

If you have never used an Optuma Script then click on the button to the left where you will find a video walkthrough on how to use these

If you have you will find the scripts below, there is a table of contents attached to the left side of the screen that will take you to the script you are looking for.

Key Reversal Bars: Buy and Sell

Key Reversal Buy is a bar where the low of the bar is lower than the prior bar, but the close is higher than the open. This indicates the market fell below the prior days low but at some point, and usually at recognised support or resistance levels, the buyers returned and prices climbed higher before the end of the session. This suggests an entry when in an uptrend and prices climb above the high of the signal day.

Chart Example: EURUSD
Optuma Export Script KRB

Key Reversal Sell is a bar where the high of the bar is higher than the prior bar, but the close is lower than the open. This indicates the market rose above the prior days high but at some point, and usually at recognised support or resistance levels, the sellers returned and prices fell lower before the end of the session. This suggests an entry when in a downtrend and prices fall below the low of the signal day.

Chart Example: EURUSD
Optuma Export Script KRS

Weekly Highs and Lows

Gann often stated to be aware of the Weekly high and Low point as it created a buy or sell signal in line with the current trend. Knowing the weekly high can be a significant clue when we see other weekly highs at similar prices which indicates a strong support or resistance level. This script sits on the Daily chart and acts as a warning for resistance/support or a significant point to enter a trade or pyramid on an existing position.

Chart Example: FTSE
Optuma Export Script Weekly High Tag
Optuma Export Script Weekly Low Tag

Footnote: If you clone the script, amend where it says Week to Month you then will have the Monthly (High or Low) revealed.

Swings – Three Higher Lows/Three lower Tops

A very powerful Swing chart pattern, Three Higher Lows and Three Lower Tops is an indication of accumulation or distribution. Big market players cannot buy or sell huge parcels immediately in fear of spooking the market creating a run before they have completed their sale or purchase. They can stagger their entry or exit over days or weeks, and a very common pattern appears just before major campaigns in a market. This script identifies the potential pattern just before final confirmation and continues to appear with every continuation of the series. Suggested entry at break of bar 3 or above prior swing top in uptrend or below swing low in downtrend.

Chart example: Dow Jones Index
Optuma Export Script: Swings HL3
Optuma Export Script: Swings LT3
 

Swings – Gap up or Gap down

Another very powerful Swing chart pattern, Gap up or Gap down indicates strength in the trend. If the buyers are overwhelming the sellers they will place orders to get in at any price which leaves a gap or space in the swing chart. Suggested entry above gap bar or above swing top in uptrend, or below gap bar or swing low in downtrend.

Chart example: Oil
Optuma Export Script Gap up
Optuma Export Script Gap down

Time Counts

This section deals with Time counts on our Optuma charts. Gann often stated Time is more important than price. Here we will do automatically what Gann did by hand, making quicker more accurate analysis possible.

Chart Pivots – Pivot High and Pivot Low

Here we find a bar where it has a specified number of bars before or after. In my example I use 15 bars either side of the Pivot, which means the Pivot High bar is the highest bar for 15 bars before and 15 bars after. The Pivot Low is the lowest bar for 15 bars before and after. Optuma script will place a signal if it meets 15 bars before but not yet 15 bars after, to help indicate a potential pivot.

Chart example: Gold
Optuma Export Script Pivot High
Optuma Export Script Pivot Low

Time Counts from Chart Pivots

Gann maintained counts from major turning points on a chart, looking for known numbers or cycles. When the market approached a major number he would watch carefully for signs of exhaustion or reversal in trend. This script will place Trading day and Calendar day counts on the top of the chart from Pivot highs and bottom of the charts from Pivot Lows. On this FTSE chart, the Trading or Bars are in black, Calendar days in green. Show bar amended to display Bars or Cals, High or Low, Colour black or green.

Chart example: FTSE
Optuma Export Script – Count from Highs Cal days
Optuma Export Script – Count from Highs Bars
Optuma Export Script – Count from Lows Cal days
Optuma Export Script – Count from Lows Bars.

Time counts elapsed since several prior tops for Watchlists.

This next script is very useful for Watchlists in Optuma. You can see at a glance the time elapsed from major pivots in the past with the times aggregated to the current bar. Especially useful for longer term time counts. The script can be added to a Watchlist, an Alert Tile, Analysis Tile…our example shows a watchlist with a chart combined. To continue to go back to previous points, a new script can be cloned from the existing script and then amend the variable P2 adding 1 to the Offset each time to get the next previous pivot.

Chart example USDJPY 144 Time count

Optuma Workbook download: Download the Optuma workbook and then Import the workbook via the File menu. This will then transport the scripts into your Optuma version. The watchlist headings represent T is Trading days, 1 is One pivot back and H is High. C is Calendar days, 1 is 1 pivot back, H is High etc. Highs are listed first the L is Lows in order back from current bar.

Support & Resistance

One of the most significant lessons in trading is that markets very often create Support and Resistance levels. These levels can be old tops which later on become double top or perhaps old tops can become support levels. It also applies to old lows which can become either future support and resistance.

Pending the release of the video and scripts tutorials, I have attached the workbook from the video lesson which can be downloaded here: Optuma Workbook

Gann Astrology Series:

In this section we will see the Patterns and tools which specifically refer to our Gann Planetary Tools methods. These tools are remarkable in their ability to provide Support and Resistance in both Time and Price. These are very unique tools, sometimes devoid of any logic but their potency in trading is unparalleled to the educated trader. You will need to own the Gann Planetary Series to understand the depth and potency of these scripts. 

Aspects between Price and Planet.

In this script we convert planetary angles and degrees into a price factored for the market under review. The angles are then support or resistance, combined with a chart pattern or simply a reversal in trend we have a very powerful early opportunity. Script can be amended for each planet,aspect and price factor as required. This example uses Show bar with Astro text and 2 of the symbols.

Chart example XJO IndexOptuma Export Script Sun Geo factor 1 Highs 
Optuma Export Script Sun Geo factor 1 Lows

Aspects between Price and Planet, Conjunct and Opposition, Positive and Negative.

In this example we look at a Forex chart with both Positive and Negative angles drawn. Any of these lines can be support and resistance and may create a reversal of trend. Its an early warning of reversal or start of a new trade. This example uses Show bar with Astro text and 2 of the symbols.

Chart example AUDUSD
Optuma Export Script Sun Geo Pos and Neg Factor 0001 Highs
Optuma Export Script Sun Geo Pos and Neg Factor 0001 Lows.