Options Menu

The Options menu allows you to open the Preferences form, toggle Ignore-Filter mode and specify Back-Test options. These can also be accessed using the F3, Ctrl-F3 and Shift-F3 key combinations respectively.  General options and preferences are described below and back-test options are described in a subsequent section of the help file.

Click on the form below to be directed to more information on a specific option.

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Save Scan settings when program exits causes TCScan+ to save all the current settings to the file Last.tcs when the program is closed. This file is automatically loaded when TCScan+ starts up again. This file is overwritten each time you close TCScan+. If you uncheck this option, then Last.tcs will still be loaded each time the program starts, but the settings in the file will be those last written to it before the option was unchecked. If you delete the Last.tcs file then TCScan+ will start up with its default settings.

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Show Tips when hovering over controls allows you to set whether the ToolTips are shown when you hover over controls. These tips are useful when you are new to the program, but quickly can become irritating when you know what everything means.

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Don't clear results when settings change  will get TCScan+ to keep your last results when you change your scan settings.  TCScan+ normally removes any existing results whenever you change a parameter that would affect the scan results.  It does this to prevent you thinking that old results apply to your new settings.

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Change to results-only form size when scan ends will automatically change from Whole Form view to results-only form view when the scan ends (or stop is pressed.)  To return to the whole form view, select 'Whole Form' from the View menu or press F2.

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Start results-only form at lower left of screen will cause the main form to start up at the lower left of the screen when you switch to results-only mode.  This is useful if you use the results-only mode to tab through your scan results while the charts are being opened in TeleChart.

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Ignore Filter settings during scan will allow you to run the scan while ignoring most of your filter criteria.  (This option can also be accessed by double-clicking the Filter Criteria caption on the main form or by pressing Ctrl-F3.)  Some criteria can not be ignored, for example the lookback period, or else TCScan+ will not know where to start or end the scan!  However, the criteria that will be ignored become grayed-out so you know they will be ignored. The Ignore Filter option is useful for:

  • Quickly seeing how stocks in a results list look in light of other scan types.  For example you could do a pattern scan and find a list of items with bullish patterns.  You could then switch to Ignore Filter mode and run a trendline scan on these results to see whether trendlines confirm the patterns.  In this case you want all the items in your results list to pass the trendline scan, because you just want to see the best trendlines, not trendlines that match any specific criteria you may have.

  • Determine useful patterns for you to look at in the future. For example, running the MoneyStream scan, you could see what the MoneyStream levels and angles were for the best performing items in your list, then use those settings in future scans.

  • Scanning a list of items, for example indices, that have different characteristics from the items you normally might scan. 

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Ignore Filter settings when doing a single item scan will cause the filter settings to be ignored (see above) when running the scan for a single item.  This is useful when you just want to see how the various TCScan+ indicators and patterns look for a particular stock, rather than doing a scan to find stocks meeting certain parameters.  If you don't have this setting checked when doing a single item scan, then there is a good chart the item will not appear in your results (and the chart will not show) unless your item meets all the criteria you have specified. 

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Link filter criteria to scan type  when checked, will cause the general filter criteria and list selection to be linked to each scan type.  For example, if you tend to run the support level scan with a long time period, on daily bars and the rest of the filter settings ignored, but run the trendline scan with a short time period and on weekly bars, then using this option will allow you to quickly swap between the scan types with the appropriate filter settings linked to each scan.  The option of whether to ignore some filter settings is included in this linkage.

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Open Item in TeleChart while reviewing results allows you to specify whether the items in your results list will be opened up in TeleChart as you step through them.

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Time Delay for TeleChart operations is the amount of time, in seconds, that TCScan+ should wait after opening up a chart in TeleChart or transferring objects to TeleChart, before taking control back from the system.  This value can be increased if TCScan+ does not become selected again after the above operations have completed, for example, while you are clicking through the results list and you have the open in TeleChart option on.

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Show Charts while scan is running allows you to set whether TCScan+ will open up the Chart for each item as it passes the filter. Showing the charts while the scan is running will slow down the overall scan time.

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Show Charts while reviewing results allows you to set whether TCScan+ will open up the item's chart as you step through the results list.

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Bar Type allows you to toggle between the candle, OHLC and line type charts.  The same change can be made using Change > Bar Type from the chart menu.  Note that the line is based on either the average, i.e., (O+H+L+C)/4, price or the close price, depending on whether or not you have selected to use close prices for your scan.  In the example below, the trendlines are based on highs and lows, but the line is based on average price, so the trendlines appear to float. This would not be the case if the close price was used for the scan.  

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Show volume bars on charts  will either get TCScan+ to show or not show volume bars on the chart. 

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Use Close-Close Coloring  The default method for defining an up volume bar is that the current close is higher than the previous day's close.  This is also TeleChart's default.  You can uncheck this option to instead define an up bar as one where the current close is higher than the current open.  The two methods are equivalent if there are no price gaps. 

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Use logarithmic volume scaling will change to logarithmic scaling for the volume bars.  This is useful if there are periods of high volume that drown out the other bars, making it difficult to see the trend. 

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Max % height of volume bars is the maximum percentage of the height of the chart that the volume bars will fill.  You can change this to allow the bars to cover more or less space on the chart.  If you don't want the volume bars to overlap the price, then you should increase your chart's bottom margin

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Shift bars to show  If you are starting the scan in the past by entering a value in Shift on the main form, then you can choose to display the data following the scan date by entering the number of bars following the scan date to show, in this textbox.  A vertical line will be drawn to show the scan date, with the data to the right of this line showing what happened following the scan date.  You can also change this value via the chart. 

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Minimize main form when scrolling chart  will cause TCScan+ to minimize the main form while you are scrolling through your chart.  As explained in the Charts section, TCScan+ reruns your current scan each time you use one of the navigation buttons on the chart.  As a result, while scrolling you will see changes happening on the main form, which can be distracting.  More importantly, however, if the chart is over the main form, then the main form will briefly appear above the chart each time a navigation operation occurs.  This is particularly distracting while scrolling (i.e. keeping a navigation button depressed.)  Windows also has to redraw the main form after each change, which slows down the chart redraw - so scrolling takes longer. To prevent this behavior you can choose to minimize the main form while doing chart scrolling and also optionally restore the form once the chart scrolling is complete (see below.)  Note that TCScan+ will always minimize the main form during scrolling operations if the chart is maximized, whether or not you have specified this preference.

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Restore main form after scrolling chart  This setting will cause TCScan+ to restore the main form after is has been minimized during chart scrolling (see above.)  The restoration of the form can be distracting so you can just choose to leave the main form minimized until you manually restore it.  As described above, when the chart is maximized TCScan+ will always minimize the main form during a chart scroll.  It will also not restore it until you restore the chart (i.e. "un-maximize" it.)

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Keep chart docked to main form will keep the chart docked to the main form as it is moved around or resized.  Note that the chart will not be allowed to extend off the screen, so the left side may be hidden underneath the main form.  To correct this either resize the main form or chart.

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Default to symbol names for chart saves will cause TCScan+ to set the default name for chart pictures saves to the symbol name.  Otherwise it will default to the last-saved file name.