Time Extension

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sitmicon34.gifThis content is provided in support of the Safety in the Market (SITM) module for Your SOFTWARE and may not be applicable to your package. For more information, go to the Modules topic of this help.

Time Extension

The Time Extension drawing tool takes the length of the initial, user defined, time frame and repeats it on a time-line into the future. In this way it identifies dates at which changes of trend are likely to occur.

Position and Edit

Left mouse-click on the high or low that starts the price cycle to be evaluated.

Move the cursor across the chart to the subsequent high or low and left click a second time. This will establish the initial time frame.

The tool will display the original time frame count, for example 12 trading days in the graphic below, together with the date and the total time count from the point of origin for each of the points that it creates on the time-line:

psdrwrtoltimextnsn.gif

A line is drawn between the start and end points representing a measurement in time. A horizontal line is drawn forward in time, extending the time line out and calculating points equal in length to the original selection. Intervals of time representing the reference time frame will be displayed on the line, facilitating the identification of potential pressure dates.

The default setting for the Time Extension tool is to repeat points on the time line at intervals equal to the reference time frame, i.e. at intervals of 100%. The user can alter the display to show half and quarter fractions as well. Remember the 100% pressure point is the strongest of all, the 50% next and the quarters follow.

Properties and Format

In addition to the two settings just mentioned, the Time Extension Properties dialog box contains the following settings:

Start Date and Value

Manually enter the details of the cycle's beginning point. It is important that this date is accurate for future projections. As this tool is one measuring only in time, the start price is not as critical here.

End Date and Value

Manually enter the  details of the end point of the cycle being analyzed. Just as with the start date it is important to ensure the end date is accurate, the value is not so important.

Appearance

Color, Style and Thickness of the lines can be adjusted to suit your personal preferences This tool uses common tool functionality.

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