DeltaDash

DeltaDash is a short-form of Delta Dashboard known as Analysis Scoreboard!

Here is the concept in details,

When you're interested in the stock market, there are only two ways you can analyse them: Fundamental Analysis and Technical Analysis.

As a stock market trader, you know the significance of technical analysis, which involves studying past price and volume data on charts to predict future price movements.

Fundamental factors of a stock don’t change easily in short time, making technical analysis the supreme tool for informed decision-making by traders. Thus, traders be better of using technical signals for a trade of few minutes or a trade of few days

But over the time, technical analysis has evolved, offering a plethora of interesting tools. However, despite the excitement of exploring all these tools, traders often find it challenging to study more than 3 or 4 tools out of the many available.

DeltaDash provides a solution to this dilemma. It identifies about 100 signals from widely-used technical indicators, price actions, volumes, derivatives data, and relative strength, assigning each signal a score. A bullish signal earns 1 score in Positive Counter, while a bearish signal receives 1 score in Negative Counter, creating two distinct counters for each stock or index.

We have identified 8 different Technical Analysis headings, under which total of 43 indicators have been selected with their standard signal generating ability to take care of 100 signals.

To enhance their probability of winning, traders often use multiple time frame analysis. At DeltaDash, we offer scoring on 6 different time frames, namely 5 min, 25 min, 75 mins, 125 mins, and Daily. By summing up the scores across all time frames, traders can compare stocks and indices and make well-informed decisions.