Query : some meaning in DeMAP
-
could @Definedge team explain what is the meaning of the expressions in DeMAP chart stock's tails has following
- up-down arrow shape
- diamond shape
- Box shape
- circle shape with there color.
and can you add the section where we can select our watchlist and the portfolio to track that stocks with the help of DeMAP?
By the way this is a very great product for stock selection with the help of visual form..
-
@Yogesh Varhadpande
Hello sir,Definedge Momentum and Performance (DeMAP) is a unique study developed by Definedge. DeMAP enables you to analyse market at a glance.
Price analysis, momentum indicators, trend following indicators, range-bound oscillators, relative strength analysis, dynamic relative strength analysis, analysis on candlestick chart, Point & Figure chart, Renko chart, Line-break chart and price patterns on different charting methods etc. Popular studies and factors practiced by traders are incorporated into the DeMAP calculation.
The Momentum and Performance levels are calculated based on all the calculations above and presented in a unique format.
You can plot a DeMAP chart of NSE Segments, NSE Sectors, Definedge Sectors and Constituents of any sector.
DeMAP is divided into two parts: Sky and Water. Scrips above zero line are in Sky presented as stars. Scrips below zero line are in Water and presented as circle. You can view their last 10 session journey.
Green Star (In the Sky) stocks are bullish and have strong momentum. Red Circle (In the Water) stocks are bearish. Blue Star (In the Sky) stocks are semi-bullish and Orange Circle (In the Water) stocks are semi-bearish.
There is a circle in every chart. It is like a Sun in white theme and Moon in Black theme. When the circle is at left – the sector is bullish. When the circle is at right – the sector is bearish. When the circle is at middle – the sector is neutral.
Below is a link to the video to understand DeMAP in detail.
https://www.youtube.com/watch?v=QMMj-B_671I&t=1165s -
I can't see Demap section in Rzone, did I miss something? please suggest
-
@Prasiddh-Shroff Sir, I can't see DeMAP section in Rzone. Please suggest the ways to solve this issue
-
-
Yogesh Varhadpande
Pro User
replied to Prasiddh Shroff on last edited by Yogesh Varhadpande-1738656104214@Prasiddh Shroff
Thank you sir, I know it thoroughly...But @Definedge didn't explain its TAIL'S SYMBOLS which are I have mention in the post.
when we go to its tail, chart is showing some symbols, I have seen most of the DeMAP related videos 4to5 times but the didn't mention that symbols..
-
@Prasiddh-Shroff or @Definedge could you please Explain these symbols?
-
@Yogesh Varhadpande Sir, these are just randomised icons to differentiate the tails for each scrip/group. The icons in the tail does not define anything sir
