«©2014 MotiveWave™ Software ©2014 MotiveWave™ Software Version 1.0.2 Page 1 of 190 MotiveWave™ User’s Guide Table of Contents 1 Introduction ...»
3.15.2 Open Existing Analysis If you want to quickly open an analysis, just click on the small black triangle next to the open button on the tool bar. Alternatively, choose File - Open/Manage Analyses from the top menu bar (File - Chart Open/Manage Analyses from the Console menu bar).
3.15.3 Manage Analyses The Manage Analyses dialog allows you to open, rename, delete or create new analyses for the given instrument. This dialog can be access from the menu bar: File - Open/Manage Analyses from the top menu bar (File - Chart - Open/Manage Analyses from the Console menu bar).
Manage Analyses Dialog 3.15.4 Import/Export Analyses Import and export are very valuable tools for sharing your analysis with another MotiveWave™ user.
When you export an analysis file, the file will contain all of the information related to your analysis as well as information about the instrument. The exported file will be in XML format and will have an extension of.mwml (MotiveWave Markup Language).
Choose File - Export Analysis from the top menu bar (File - Chart - Export Analysis from the Console) to open the Export Analysis dialog. By default the analysis file will be saved on your computer desktop in the form Symbol – Analysis Name.mwml. You may change this name and location if you like. Click on the Save button to export the analysis to the selected file.
Similarly, to import an analysis file, choose File - Import Analysis from the top menu bar (File - Chart Import Analysis from the Console) to display the Import Analysis dialog. Locate the analysis file, select it and press the Open button. If the chart you are currently using has the same instrument as the imported analysis file, it will be opened in another analysis tab. If the instrument does not match the chart, a message dialog will be displayed indicating that the import was successful and how to open the imported file.
Import Analysis Dialog
3.16 Components Many different types of components can be added to a chart as part of your analysis. Examples of components include Trend Lines, Price Labels, Channels, Commentary, Elliott Waves, and Markers.
Components can be added to a chart from the Components Panel or by using the Mouse Tools (available from the tool bar).
Please Note: Components panel is not available in the Analyst or Trade Editions of MotiveWave™. In these cases you must use the mouse tools available from the tool bar.
3.16.1 Components Panel The Components Panel organizes the available components in MotiveWave™. This panel is displayed on the left hand side of the chart area and is organized into folders. You can hide this panel by clicking on the ‘X’ in the top right corner of the panel. A toggle button is available on the right hand side of the tool
3.16.2 Adding a Component To add a component from the Components Panel, simply click and drag (using the left mouse button) the component onto the chart area (see below). Alternatively, you can double click on a component, or right click and choose Add To - Graph to add it to the center of the chart.
Mouse Tools are available for some of the more common components. In some case these tools can be more convenient than using the Components Panel. These mouse tools can be found under the Tools dropdown on the tool bar. You can customize the tool bar to make certain mouse tools more convenient to access. Short-cut keys are also available to quickly select tools. These keys typically take the form of Ctrl + Shift + Key (see tool menu for key combinations, Note: on Mac OS X use Cmd instead of Ctrl.)
The following example shows the usage of the Channel Tool to create a channel. This particular tool requires three clicks to define the channel. Notice that the mouse cursor will change after each click to visually indicate what click you are on. Also the channel is drawn as you click the mouse.
Channel Tool 3.16.3 Selecting Components You can select components on a chart by simply clicking on them with the left mouse button. When a component is selected, you will typically see green resize points that indicate areas that you can move to modify the component.
If you want to select multiple components, simply hold down on the Shift key while clicking on other components. The first component selected will have green resize points (primary component) and the other components will display blue resize points (secondary components).
Select Multiple Components Selecting multiple components can be useful if you want to move them as a group or delete them.
Some components such as trend lines have options from the right click menu (right mouse click) that apply to the group. In the following example, you can make two (or more) lines parallel by selecting them and choosing the “Make Lines Parallel” option from the right click menu. (Note: lines will be
drawn parallel to the primary component, ie the one selected first):
3.16.4 Deleting a Component Deleting (removing) a component from a chart is straight forward. Simply click on the component to select it and then press the ‘Delete’ key on the keyboard. Alternatively, right click on it and choose Edit
If you want to delete all components from a chart, choose Edit - Delete All from the top menu bar.
3.16.5 Component Properties Components may be modified from the Properties dialog and (in many cases) by using the right click menu that is available via right click on a component. You can open the Properties dialog by double clicking on a component or right click and choose Properties.
Accessing Component Properties The following screen shot shows the Properties dialog for the Channel component. The options available in this dialog will vary depending on what component you are editing.
188.8.131.52 Formatting Formatting options such as color, font, line width/style, shading etc can be found under the Format tab of the Properties dialog (double click on the component). For convenience several formatting options are available on the tool bar for changing the component format. These buttons are context sensitive and will apply to the selected component (see below). These buttons will appear inactive (greyed out) if no component is selected.
Formatting Options 3.16.6 Working with Trend Lines Trend lines are an important element of most all forms of market analysis. Several features are built into MotiveWave™ to make working with trend lines easier.
Trend Lines can be created by using the Line Tool that is available from the tools drop down.
Creating a trend line requires two left mouse clicks. The first click defines the starting point for the line and the second defines the end point. Once you have created the Trend Line, you can press the Space bar to switch the tool back to the default Time Drag tool.
Creating a Trend Line When a trend line is selected it will display basic information about that trend line (such as the price range and time span). You can adjust the line by moving the end points (green resize points). These points will snap to key locations such as the top or bottom of price bars (hold down on the ‘Alt’ key to disable this feature).
Common angles (such as horizontal, vertical, 45 degree etc) can be set by holding down on the Shift key while moving one of the end points. Hold down on the Ctrl key while moving one of the end points to maintain the current slope (angle) of the trend line.
Locking to Common Angles Detailed information about the trend line can be found if you place the mouse cursor over the trend line and leave it there for 2 seconds.
Several operations for working on trend lines can be found by right mouse clicking on the line to show its context menu.
1. Create Alert – Create an alert when the price crosses the trend line (see Component Alerts section)
2. Show Info – Shows information about the trend line
3. Show Angle – Displays the angle of the trend line (in degrees)
4. Relative End Point – Calculates the end point relative to the start point instead of using a specific time/value for the end point
5. Extend – Extends the Trend Line to the Right
6. Extend Left – Extends the Trend Line to the Left
7. Show Midpoint – displays the midpoint on the line
8. Flip Line – Flips the values on the start and end points
9. Circle Radius – Draws a circle using the trend line as the radius
10. Circle Diameter – Draw a circle using the trend line as the diameter
11. Rotate 90 Degrees – Rotates the trend line 90 degrees clock wise
12. Rotate 45 Degrees – Rotates the trend line 45 degrees clock wise
13. Make Lines Parallel – If you select multiple trend lines this will make them all parallel to the primary line (the one with the green resize points)
14. Make Lines Parallel and Equidistant – If you select multiple trend lines this will make them all parallel to the primary line (the one with the green resize points) and equidistant between the top and bottom lines.
3.16.7 Visibility Note: This feature is not available in Analyst or Trade Editions Visibility is a very useful feature in MotiveWave™ that enables you to specify the bar sizes where a component is visible. This can be very useful to avoid clutter when switching bar sizes on a chart.
Visibility setting can be set from the Properties dialog or via the right click menu on the component.
3.16.8 Object Viewer The Object Viewer is a convenient dialog for managing components on a chart from a single location.
Component can be deleted from the chart and you can adjust the visibility and draw order. The Object Viewer can be displayed from the top menu bar: View - Display - Object Viewer Object Viewer
3.17 Ratios MotiveWave™ provides many different options for identifying time and price ratios. Fibonacci ratios are perhaps the most commonly used ratios for analysis. Available components for Fibonacci analysis can
be found under the Fibonacci tab of the Components panel:
Fibonacci Components Note: Components Panel is not available in the Trade and Analyst Editions of MotiveWave™. Use the Mouse Tools available in the tool bar to create Fibonacci components.
The screen shot below shows an example of a Fibonacci Retracement. Yellow resize points can be used to change the position of the labels and length of the ratio lines.
MotiveWave™ provides a lot of flexibility for working with ratios. If you would like to modify the ratio properties for a particular component, right click on a ratio label and choose Ratio Settings (or just double click on the label).
From the Ratios tab, you can quickly select which ratios you want to display. The available ratios are based on a Ratio Set (see drop down). MotiveWave comes with several built-in ratio sets, but you can define your own in the Preferences dialog (see Ratios - Sets tab).
3.17.2 Ratio Preferences The Preferences tab allows you to change how the ratios are displayed. Styles may be used to specify the default colors for the ratio lines, labels etc. MotiveWave™ comes with several built-in styles, but you can define your own in the Preferences Dialog (Ratios - Styles tab).
Ratio Preferences 3.17.3 Ratio Presets Ratio Presets can be very useful save a ratio configuration and apply it to another component. This can help to avoid a lot of duplicate work. Use the Save Preset button to save the current ratio configuration for later use.
3.17.4 Global Ratio Preferences Global ratio preferences can be configured in the Preferences dialog from the Ratios tab. This section
has three sub tabs: Defaults, Sets and Styles:
The Defaults section enables you to assign the default preferences to each type of ratio component.
Ratio components consist of retracements, fans, circles, Elliott Waves etc. Each component type can have a default ratio Set, Style and preset.
184.108.40.206 Ratio Sets Ratio sets are a convenient way to assign a group of ratios. By default, MotiveWave™ is configured with
four ratio sets:
1. Normal Fibonacci – Common Fibonacci Ratios
2. Extended Fibonacci – Extended set of Fibonacci ratios
3. Gann – Common Gann ratios
4. Extended Gann – Extended set of Gann ratios You can modify these default sets or define your own ratio sets.
220.127.116.11 Ratio Styles
Ratio styles are useful for defining the appearance of ratios on a component. This includes:
1. Line, Label and Fill Colors
2. Line Thickness
3. Line Style (solid, dashed)
4. Label Position (left, right variable)
5. Ratio Fill
6. Label Align
7. Label Outline
8. Show/Hide Price Several default ratio styles are included by default. You can modify these styles or create your own (click
on the New Style button). The following screen shot shows the Styles tab:
3.18 Time/Price Guides Guides can be added to the vertical and time axes. A guide is essentially a vertical (or horizontal) line
that has an attached indicator to show its value. There are two types of guides:
1. Price/Value Guide – Displays a horizontal line with an attached indicator in the vertical axis
2. Time Guide – Displays a horizontal line (across plots) with an attached indicator in the time axis Guides can be added to a chart from the right click menu of the axis (choose Add Guide). This menu can also be used to edit the guide or remove it. The location of the guide can be changed by clicking and dragging it.