Dojispace Stock Screener Review

Features

Rating: 49

Screens         (60 pts Max): 30
Usability       (20 pts Max): 5
Community   (10 pts Max): 7
Price              (10 pts Max): 7
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Total: 49

Review Commentary

Free Stock Screens

Dojispace's main strength lies in the candlestick pattern searches. All you have to do is click on the hyperlink for the corresponding search, and you'll get a nice list of results that looks like the following:

 
Clicking on the chart button will get you a basic daily candlestick chart with volume, MACD, and full Stochastic indicators.

The Analyze button takes you to the Marketclub Trade Triangle Trend Analysis feature. This is yet another advertisement, however it is a very useful one, so I don't mind it much.

Advanced Stock Screens

To be completely up front, I didn't spend any time using the advanced stock screening capabilities of Dojispace. The technical indicators offered are still very rudimentary, and the results pages do not have graphs in bulk which makes it impossible to scan the list.

It's also a real bummer that users can not even sample the technology without spending time posting 10 posts in their user forum. I think it's great that Dojispace wants to develop their community, but they should at least let users run the advanced screens and return results from 2 weeks or so in the past.

Site Layout

DojiSpace.com provides traders with some high quality candlestick pattern searches. I really wish the other technical screening tools were better laid out and more usable than they are currently.

My first observation when you come to the homepage of DojiSpace is that it overloaded with advertisements. I understand developing such a platform is expensive, but the layout really does detract from the primary purpose of the site which I believe to be:

1. Provide a powerful technical analysis based stock screening platform

2. Give users access to a forum community where they can discuss, develop, and test new stock screening and trading strategies.

Take a look at the screenshot below, and notice that everything that I've boxed in red is an advertisement:

click to enlarge

There are other usability issues as well. The most glaring is that it is not clear that the home page is the bullish stock screener. There is a button in the navigation bar for "Bearish Stock Screener," which could be confusing to some users.

Community

I spent several hours surfing through the forums and I will say there is great potential in this community. I saw some very interesting discussions on the proper use of technical indicators for specific market conditions, adjusting indicator parameters, and a few nice chart examples.

One issue I think Dojispace needs to address quite quickly is that users are posting charts from stockcharts.com and others in their forum. They should strive to improve their charting, and integration of their charting into the forums such that users will utilize their charts instead.

The host decided to go with Yet Another Forum rather than PHPBB. While I'm not very familiar with this software, does have all of the features you'd expect from a forum script, and the performance is actually quite good.

Summary

I know this review has sounded fairly scathing, but in reality I think Dojispace has some potential. They need to refactor their marketing strategy in order to improve the usability of their website. In fact, they really should do a usability test and give premium memberships to the testers.

I think the community in the forum also has some real potential, so Dojispace should continue to try and innovate ways of developing their community, while also allowing new users to engage with the websites toolset.