BDB Dashboard Layout:
BDB Dashboard is multi-faceted tool which depicts trend direction, trend quality, trend strength, and trend divergence.
Click on a section name to be shown the color key:
At it’s most basic state, the upper “Main Area” is key to overall trend direction, strength, and quality. In this section , the “master trend” depicts the direction of the trend by the direction of the triangles and arrows. Arrows represent a bar where the slow and fast trend have just come into agreement. While triangles represent trend continuation. The colors of the images represent the quality of the trend. Dark red/ green mean that the trend is up or down. Bright red/ green mean that the trend is strong and “healthy.” This healthy trend is also referred to as being in “zoom.” The magenta/ cyan colors represent conditions when the price is oversold or overbought. This does not necessarily mean the trend is ready to break, but just that extra caution is need when placing trades in this area.
Secondary Trend Area:
The secondary trend area consists of the slow and fast trend indicators. These trend indicators use diamonds to show trend direction and state. These indicators’ patterns can be used for the advanced analysis of a trend. For example, detecting small corrections in a strong trend.
The Fast trend indicator displays trend direction and the quality of the trend change and has the following properties. First, when the fast trend detects a quick and definitive trend change it will display bright red/green diamonds. Secondly, it will display blue/yellow for trend changes that it detects as ambiguous (yellow=up; blue = down). Lastly, continuation of trend is depicted as dark red/ green diamonds.
The Slow trend indicator depicts trend direction, strength, and quality. It displays trend direction with shades of red or green. As with the Main Trend, dark red/ green indicates up or down. Bright red/ green indicate a zoom trend. Magenta is oversold. Cyan is overbought.
The Overdone Area depicts divergence in underlying technical studies. The exclamations points are displayed as red or green. Red signifying that the underlying divergence is likely to lead to prices decreasing and green that prices may increase. These do not necessarily indicate a change in trend, but rather that the trend may be getting overstretched and is ready for some size of correction to continue.
BSS level is a measure of “braking force.” BSS levels also indicates divergence, but displays it in a continuous manner. The amount of diverence is shown by the level of the BSS which increases in brightness with higher levels. The color depicts the direction of braking or of expected price movement. The colors of green indicate price divergence is up or postive. The shades of red are negative divergence. Shades of “true” red or green represent a correction back to the same direction as the Master Trend is indicating. BSS levels above 30 are considered rather meaningful.