Are you looking to spot and exploit intra-day stock market trends far faster than ever before? Well, say hello to TrendSpider, a type of stock analysis software that takes complete advantage of automated technical analysis. It is specifically aimed at swing traders, day traders, and general investors and it will greatly help you to spot trends faster. This TrendSpider review will tell you everything you need to know so that you can make informed trades.
One of the cornerstones of successful stock market trading lies in learning how to make decisions faster. Through a large range of very unique charts, including the groundbreaking TrendSpider Raindrop chart, investors will be able to add an extremely powerful tool to their arsenals so that they can completely evolve. This absolutely fantastic platform was founded in the year 2016 and currently had large offices based in hugely diverse locations such as Ukraine, India, Russia, and even the U.S. The premise of the platform is basically that it was designed by traders, for traders.
TrendSpider features a fully customizable automated technical analysis which means that stock traders can easily incorporate machine learning algorithms into their specific trading strategies. Also, on the platform are plenty of educational options to deal with the learning curve which includes highly detailed and valuable blog posts as well as video classes. Check out this Tiller Money review if you are looking to gather your finances for a better future.
There is no doubt that TrendSpider has some spectacular features that people cannot get enough of, but if you’re new to the platform, you may not have any understanding of the specific features and how they can help you on your journey. Luckily, we will be taking a close look into the features as well as the pros and cons so that you can gain a great understanding. Let’s go!
The large range of core features can sometimes intimidate newer traders as well as more experienced traders, so don’t let that put you off just yet. While the learning curve is particularly steep, TrendSpider remains strong and maintains this new approach to technical analysis. It is one of the most intriguing products on the market right now.
Automated Fibonacci Retracements
Advanced traders will likely want to take advantage of automated Fibonacci retracements. Traders can easily and automatically find important inflection points when using this feature and it has proven to be quite popular. These are based on Fibonacci retracements.
You may be wondering why this is so powerful, and it is because it is an extremely difficult process to carry out manually. Identifying both support and resistance zones with this automated feature can supercharge your analysis.
Automated Trendline Analysis
Another fantastic core feature of TrendSpider is automated trendline analysis. Users gain full control over exactly how aggressive the algorithm is. It is extremely effective when spotting more difficult trend lines when the automation sequence runs.
Although most users should probably stick to the highest confidence trend lines, traders who are far more advanced may choose to add additional trend lines to try and find gaps that may exist in the market that they can exploit.
Multi Timeframe Analysis
Yet another special core feature of TrendSpider is the multi-timeframe analysis. This great feature allows you to add technical indicators and your chosen trend lines to a secondary time frame on one chart. Usually, alternative software options will require you to work with multiple charts if you want to see this data, but not TrendSpider.
All you need to do is refresh your chart in real-time to add the latest market data and see how your analysis changes.
TrendSpider is relatively lightweight on charting compared to other software around right now. These browser-based charts offer just three bar types as well as intraday minute, daily, and weekly charts. The customizable overlay is truly the thing that makes TrendSpider significantly stand out. Users can easily overlay their charts with several popular indicators, and they can be toggled on/off at will.
The pros and cons
Let’s take a look at the pros and cons of TrendSpider!
- Rapid analysis for price action
- Easy to use interface
- Automated trendline analysis
- Slow loading charts
- Viewing multiple charts can be difficult
Is TrendSpider right for you?
TrendSpider is most definitely a solid technical analysis platform that purely takes advantages of the latest in technology. While newbies may find it difficult to take complete advantage of all of the tools available, it’s fantastic learning center offers everything you need to learn how everything within the platform works. Overall, TrendSpider is a solid, helpful, and mostly reliable tool to add to your complex trading strategy.
Check out TrendSpider today and sign up for a seven-day free trial.