rising-websites

byNILESH WAKODIKAR

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System Requirements

System Requirement Document
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System Requirements Document for rising-websites

Introduction

This document outlines the system requirements for the development of a web platform named "SCHABACKER TECHNICAL ANALYSIS & FORECASTING PLATFORM". The platform is designed to provide comprehensive technical analysis and forecasting for stocks, integrating advanced charting, pattern detection, and AI-driven insights.

System Overview

The SCHABACKER platform is a web-based application that offers users the ability to analyze stocks using a variety of technical analysis tools. It includes features such as trend analysis, pattern detection, volume behavior analysis, support and resistance identification, and forecasting. The platform aims to provide a sophisticated, institutional-style dashboard for users to make informed trading decisions.

Product Interpretation and Delivery Boundary

The platform will initially focus on stocks listed on NSE/BSE and will integrate with third-party providers for real-time stock data. It is designed to provide analytical tools and not financial advice. The platform will support responsive and accessible use across devices, ensuring data security and user privacy through robust encryption and access controls.

Page Content and Component Coverage

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Landing

  • Information/State: Introduction to the platform, its purpose, and audience.
  • Primary Actions: Learn more about the platform.
  • Components: Overview of features, benefits, and target users.

Login

  • Information/State: User authentication.
  • Primary Actions: Login, password recovery.
  • Components: Login form, password reset link.

Dashboard

  • Information/State: Market overview, stock search, and scanner access.
  • Primary Actions: View market data, search stocks, access scanners.
  • Components: Market overview section, stock search bar, scanner links.

Company Intelligence

  • Information/State: Detailed stock analysis including trends, patterns, and technical scores.
  • Primary Actions: View stock details, analyze technical scores.
  • Components: Stock header, trend analysis, pattern detection, technical score display.

Charts

  • Information/State: Advanced charting tools for various timeframes.
  • Primary Actions: Analyze stock charts, apply chart tools.
  • Components: Chart display, trend lines, volume analysis tools.
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Technical Engines

  • Information/State: Pattern, gap, volume, trend, and breakout analysis.
  • Primary Actions: Detect patterns, analyze trends.
  • Components: Pattern scanner, gap analysis tools, volume intelligence module.

Forecasts

  • Information/State: Scenario-based stock forecasts.
  • Primary Actions: View forecasts, analyze scenarios.
  • Components: Forecast scenarios, target zones.

Scanner

  • Information/State: Stock filtering by trends, patterns, volume, and forecasts.
  • Primary Actions: Filter stocks, compare stocks.
  • Components: Filter options, comparison tools.

Watchlists

  • Information/State: Manage watchlists and portfolios.
  • Primary Actions: Add to watchlist, set alerts.
  • Components: Watchlist management, alert settings.

Paper Trading

  • Information/State: Simulated trading with virtual capital.
  • Primary Actions: Configure trades, review positions.
  • Components: Trade configuration, position review.
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Backtesting Lab

  • Information/State: Historical strategy testing.
  • Primary Actions: Run backtests, view results.
  • Components: Strategy input, result display.

AI Analysis

  • Information/State: AI-driven chart analysis and signal explanations.
  • Primary Actions: Analyze charts, understand signals.
  • Components: AI insights, explanation tools.

Academy

  • Information/State: Interactive technical-analysis courses.
  • Primary Actions: Access courses, learn technical analysis.
  • Components: Course listings, interactive content.

Trading Journal

  • Information/State: Record and analyze trades.
  • Primary Actions: Save trades, review performance.
  • Components: Trade entry, performance analysis.

Risk Management

  • Information/State: Calculate trade risks and position sizes.
  • Primary Actions: Calculate risk, manage positions.
  • Components: Risk calculator, position management tools.
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Functional Requirements

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As a Retail Trader, I should:

  1. View a premium institutional-style dashboard with Market Overview, Stock Search, and various scanners.
  2. Enter a stock symbol to see its current trend, volume status, pattern, support, resistance, breakout status, and reversal risk.
  3. Access a dedicated Company Technical Intelligence Page for each stock, showing trends, patterns, and technical scores.
  4. Use an advanced chart engine supporting multiple chart types and tools.
  5. Utilize a Reversal Pattern Engine for detecting major reversal patterns.
  6. Use a dedicated AI pattern detector for Head & Shoulders patterns.
  7. Access a Triangle Engine for detecting triangle patterns.
  8. Use a Continuation Pattern Engine for detecting continuation patterns.
  9. Use a Gap Analysis Engine for analyzing stock price gaps.
  10. Analyze volume status and implications using a Volume Intelligence module.
  11. Detect trends and channels using an automatic Trend Line Engine.
  12. Identify support and resistance levels with a Support & Resistance Engine.
  13. Analyze past price reversals with a Historical Price Memory feature.
  14. Calculate price objectives with a Measuring Rule Engine.
  15. Detect false breakouts with a False Breakout Detector.
  16. Track shake-outs with a Shake-Out Detector.
  17. Validate breakouts with a Breakout Confirmation Engine.
  18. Analyze market trends with a Dow Theory Module.
  19. Access scenario-based forecasts with a Forecasting Engine.
  20. Evaluate stocks with a Technical Score system.
  21. Filter stocks using a powerful Schabacker Scanner.
  22. Compare multiple stocks with a Stock Comparison feature.
  23. Create a watchlist and portfolio to track stocks and receive alerts.
  24. Receive alerts for significant technical events.
  25. Practice trading with a Paper Trading feature.
  26. Test trading strategies with a Backtesting Lab.
  27. Get insights from an AI Chart Analyst.
  28. Use an AI "Why?" Button for signal explanations.
  29. Access the Schabacker Academy for technical analysis courses.
  30. Access a Pattern Library with detailed pattern information.
  31. Save and analyze trades with a Trading Journal.
  32. Calculate trade risks with a Risk Management module.
  33. Access a "Trade Setup Card" for each stock.
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User Personas

  1. Retail Trader: An individual investor looking to make informed trading decisions using technical analysis.
  2. Institutional Analyst: A professional analyst seeking advanced tools for stock analysis and forecasting.
  3. Technical Analysis Enthusiast: A user interested in learning and applying technical analysis principles.

Core User Flows

  1. Stock Analysis Flow:

    • Enter stock symbol.
    • View current trend, volume status, and technical insights.
    • Analyze charts and patterns using the advanced chart engine.
    • Use scanners to identify potential trading opportunities.
    • Add stocks to watchlist or portfolio for tracking.
  2. Pattern Detection Flow:

    • Access pattern scanners.
    • Select desired pattern type (e.g., Head & Shoulders, Triangle).
    • View detected patterns and their technical implications.
    • Receive alerts for pattern completions or breakouts.
  3. Forecasting Flow:

    • Access the Forecasting Engine.
    • View scenario-based forecasts for selected stocks.
    • Analyze potential bullish, bearish, and neutral scenarios.

Visuals Colors and Theme

  • A professional and institutional color scheme with shades of blue, grey, and white to convey trust and reliability.
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Signature Design Concept

  • A clean and intuitive interface with a focus on data visualization and ease of navigation.

Interaction Model & Motion Direction

  • Interaction Model: Static
  • Motion Tempo: Restrained
  • Hero Dimensionality: Flat
  • Landing Hero Motion Brief: A wide, modular grid displaying a large technical chart with live data points and a bold orange CTA button at the grid's intersection; palette uses neutrals with the chart lines in the primary orange.

Non-Functional Requirements

  • The platform should be highly responsive and accessible on various devices.
  • Ensure data security and user privacy through robust encryption and access controls.
  • Provide real-time data updates and alerts.

Tech Stack

  • Frontend: React.js for dynamic user interfaces.
  • Backend: Node.js for server-side logic.
  • Database: MongoDB for storing user data and stock information.
  • Data Integration: WebSocket for real-time data feeds from stock exchanges.

Assumptions and Constraints

  • The platform will initially focus on stocks listed on NSE/BSE.
  • Integration with third-party data providers for real-time stock data.
  • The platform will not provide financial advice but rather tools for analysis.
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Glossary

  • CMP: Current Market Price
  • NSE/BSE: National Stock Exchange/Bombay Stock Exchange
  • AI: Artificial Intelligence
  • S/R: Support/Resistance
  • P&L: Profit and Loss

This document serves as a comprehensive guide for the development of the SCHABACKER TECHNICAL ANALYSIS & FORECASTING PLATFORM, ensuring all necessary features and requirements are captured for successful implementation.

Landing design preview
Landing: Learn about platform
Login: Sign in
Dashboard: View market overview
Company Intelligence: Analyze technical scores
Charts: Apply chart tools
Technical Engines: Analyze volume behavior
Forecasts: Analyze forecast scenarios
Scanner: Compare stocks
Watchlists: Manage portfolio
Backtesting Lab: Run backtest
AI Analysis: Review AI insights
Academy: Access course
Trading Journal: Review performance
Risk Management: Manage position size
Landing design preview
Landing: Learn about platform
Login: Sign in
Dashboard: View market overview
Company Intelligence: Analyze technical scores
Charts: Apply chart tools
Technical Engines: Analyze volume behavior
Forecasts: Analyze forecast scenarios
Scanner: Compare stocks
Watchlists: Manage portfolio
Backtesting Lab: Run backtest
AI Analysis: Review AI insights
Academy: Access course
Trading Journal: Review performance
Risk Management: Manage position size