9 Causes It Guidelines. Full Take a look at & Scores


Reviewing and testing Trendspider is a pleasure as a result of it does the onerous work of plotting trendlines, recognizing patterns, and analyzing shares for you. Good for newbie merchants and skilled market analysts, TrendSpider provides a service in contrast to some other.

I’ve been utilizing TrendSpider for 3 years to automate my inventory chart technical evaluation and for its wonderful Candlestick sample recognition. On this overview, I share the outcomes of my testing.

TrendSpider Assessment Abstract

This TrendSpider overview finds it’s nice for merchants wanting AI automated charting of shares, Fx, and cryptocurrencies. TrendSpider robotically identifies trendlines, Fibonacci, and Candlestick patterns. Glorious backtesting and multi-time-frame evaluation make TrendSpider an excellent alternative for technical merchants.

TrendSpider saves you time performing technical evaluation because it automates trendline and sample recognition and analyzes a number of indicators & timeframes on the identical inventory chart. There isn’t any stay buying and selling, information, or basic screening. However for automated clever chart evaluation, it’s one of the best.

TrendSpider Assessment Scores

TrendSpider Score 4.6/5.0
💸 Pricing & Software program ★★★★★
📡 Scanning ★★★★✩
💡 Sample Recognition ★★★★★
📈 Charting ★★★★★
🔍 Backtesting ★★★★✩
🖱 Usability ★★★★✩

Trendspider is doing one thing totally different and revolutionary to separate itself from the crowded inventory chart evaluation software program market.  It solves the issue of an excessive amount of time spent doing evaluation, drawing trendlines, tweaking indicators, and analyzing timeframes.

I’m an enormous fan and imagine it has a shiny future forward.  We begin with an summary of a number of the thrilling options.

TrendSpider Assessment: Key Options

⚡ Options Charts, Watchlists, Screening
🏆 Distinctive Options AI Automated Sample Recognition
🎯 Finest for Inventory, Fx & Crypto Merchants
♲ Subscription Month-to-month, Yearly
💰 Value $44-$131/mo
💻 OS Internet Browser
🎮 Trial Free 7-Day
✂ Low cost -40% Use Coupon Code “LIB40”
🌎 Area World
TrendSpider Review - Most Innovative Stock Analysis Automation
TrendSpider Assessment: Most Modern Inventory Evaluation Automation Award

9 Causes TrendSpider Guidelines

  1. Automated Pattern Line Detection
  2. Automated Multi-Time-Body Evaluation
  3. Easy & Highly effective Backtesting
  4. Actual-time Trade Knowledge Included in Value
  5. Automated Fibonacci Pattern Detection
  6. Shares, ETFs, Foreign exchange, Crypto, Indices & Futures
  7. Auto Candlestick Recognition
  8. AI Built-in Sample Recognition
  9. Glorious Charts & Indicator Choice

TrendSpider Cons

  1. No Automated Robotic Buying and selling
  2. No Social Group

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What’s TrendSpider?

TrendSpider is an revolutionary software program firm based by Dan Ushman in 2016 to create a service that automates the technical evaluation of inventory charts. Not like something I’ve seen earlier than, TrendSpider employs synthetic intelligence to detect tendencies not seen by people.

TrendSpider App

Trendspider’s HTML5 utility works on any related machine, requires zero set up and no knowledge obtain configuration. With a single click on, TrendSpider is working, and contemplating the complexity of automated evaluation, the applying runs swiftly, taking solely seconds to finish a complete evaluation.

TrendSpider Pricing

TrendSpider pricing begins at $44/mo for the Premium plan, Elite prices $87/mo, and Superior prices $131/mo. Choosing a yearly subscription will scale back these prices by 16%, representing a major saving.

TrendSpider Pricing Premium Elite Superior
Value/mo $44 $87 $131
Value/12 months $440 $870 $1310
Yearly Subscription Low cost 17% 17% 17%

TrendSpider’s Superior plan has the complete spectrum of multi-time-frame evaluation and trendline sample recognition for shares, ETFs, currencies, and OTC markets. Actual-time knowledge and 25 alerts are additionally included on this plan.

The Elite plan is one of the best steadiness of price and profit. It has all the things the Superior plan has and consists of indices and Futures knowledge.  Much more importantly, you get 100 dynamic alerts and limitless backtesting that are very important options for merchants.

The Superior plan is identical because the Elite plan however targets merchants who merely require extra alerts, workspaces, and outcomes per scan.

The pricing may be very aggressive since you get real-time knowledge included in all plans.

TrendSpider Coupon Code Low cost

Trendspider low cost coupon code “LIB40” is verified and legitimate for 2022 granting a 40% low cost. Merely use coupon code “Lib40” at checkout.

Utilizing this coupon on a TrendSpider annual subscription may prevent as much as $524.

TrendSpider Charts

TrendSpider’s automated chart trendline detection and plotting do a greater job than a human can; utilizing algorithms, the system can detect hundreds of trendlines and flag an important ones with the very best backtested likelihood of success.

The multi-timeframe evaluation means with the ability to view a number of timeframe charts on a single chart with the trendlines plotted robotically.  One other nice function is the superior plotting of help and resistance strains right into a subtlely built-in chart heatmap.

Lastly, Raindrop charts are a completely distinctive and intuitive option to visualize quantity profile or quantity at value motion.

Packed stuffed with revolutionary technical evaluation instruments implies that TrendSpider is for severe market analysts as a result of it helps you discover buying and selling alternatives faster.

Automated Trendline Detection

TrendSpider’s automated trendline detection saves plenty of time for merchants, quickens morning commerce overview preparation, and improves accuracy. TrendSpider’s algorithm correlates all of the bars on a chart and attracts the development strains robotically prepared on your overview.

As a technical analyst, that is how you’re alleged to do it; the extra occasions a value touches the development line and reverses, the stronger the development. Subsequently, it’s extra predictive if a value breaks via sturdy help and resistance areas.

If you don’t like a development that the AI has used, you’ll be able to manually delete it or fine-tune it.  With this functionality, you’ll be able to have an entire trendline evaluation on any chart in just a few seconds.

Utilizing the drop-down selector “S/R Tendencies” allows a form of warmth map, which exhibits the lots of of potential trendlines, and the darker purple the realm, the extra touches and focus of trendlines there are.  See the chart under for reference.

Automated Support and Resistance Lines with TrendSpider
Automated Assist and Resistance Strains with TrendSpider

Multi-Timeframe Chart Evaluation

Right here is the place it will get much more attention-grabbing, the Multi-Timeframe Evaluation can be utilized to super-impose trendlines or indicators from totally different timeframes onto a single chart.  It might appear a bit complicated at first, however it makes plenty of sense whenever you get used to it.  As a substitute of regularly switching timeframes and redrawing trendlines, it’s merely there.

The multi-timeframe evaluation is not only for trendlines; it really works with 42 inventory chart indicators to make sure you don’t miss something.  Dan Ushman, the corporate founder, makes use of it in his buying and selling, particularly with indicators like Bollinger Bands and with trendlines that assist expose issues different merchants miss when they’re targeted on one timeframe or one indicator at a time.

I additionally actually like the value indicator evaluation; you’ll be able to let the applying plot, identify, and spotlight your Japanese Candlestick patterns of alternative.  Wish to discover Night Doji Stars, Hammers, or Engulfing Patterns?  Simply activate the sample recognition; it’s that straightforward.

How Does Automated Trendline Detection work in TrendSpider?

Multi-Timeframe Evaluation and Auto Trendlines

To indicate the ability of the software program, I arrange two charts.  The highest pane exhibits the 60 minutes versus the every day chart, and within the backside pane, the every day versus the weekly chart for Netflix (Ticker: NFLX).  The very first thing that grabbed my consideration is that you would be able to instantly see that the shorter-term development for Netflix is an ascending triangle.  It is a continuation sample, so we count on the value to interrupt out of the triangle upwards.  Trendspider nailed the trendlines completely on this.

Automated Trendlines with TrendSpider
Automated Trendlines with TrendSpider

Whereas reviewing the decrease pane, you’ll be able to see the development for the final 12 months, and Netflix continues to be in a strong uptrend on each the every day and weekly timeframes, 4 timeframes in contrast in seconds.

Automated Candlestick Sample Recognition

As I discussed beforehand, Trendspider is designed to do the onerous give you the results you want; if you wish to use candlesticks appropriately, it is advisable to know just a few issues.

  1. Be taught lots of of single and a number of candlestick formations.
  2. Perceive if they’re bullish or bearish.
  3. Be taught for what number of bars they’re legitimate.

Studying this could take years, or you’ll be able to merely use Automated Candlestick recognition.

TrendSpider Japanese Candlestick Auto-Pattern Recognition
TrendSpider Japanese Candlestick Auto-Sample Recognition

Right here I’ve chosen a Candlestick chart, then:

  1. Clicked Patterns
  2. Seek for Hammer, choose Hammer and Inverted Hammer
  3. Seek for Doji and choose Doji, Doji Star, and Night Doji Star

These are sufficient to start out with and are very highly effective Candlestick reversal indicators.  On the chart, you’ll be able to see the annotated Candlestick Sample DJ for Doji, and so forth. Now you don’t want to spend months studying each sample or spend hours on a chart attempting to find the patterns; it’s all seamlessly carried out for you.

Dynamic Value Alerts

Dynamic value alerts on indicators and trendlines free you up from looking at charts ready for them to arrange and enable you keep away from emotional traps like buying and selling out of boredom fairly than selecting the precise time to commerce.  The alarms could be configured on indicator or trendline breakthroughs, bounces, or touches on any timeframe.

Trendspider Backtesting

TrendSpider has a singular strategy to backtesting as a result of the platform is constructed from the bottom as much as detect trendlines and Fibonacci patterns robotically. Subsequently TrendSpider already has backtesting constructed into the guts of the code.

The best likelihood trendlines are robotically flagged, and you’ll regulate the algorithm’s sensitivity to point out extra or fewer strains.

They’ve additionally carried out a technique tester that means that you can sort what you wish to take a look at freely, and it’ll do the coding for you.  It’s a easy and easy implementation that had me develop a technique in minutes.

TrendSpider BackTesting Entry & Exit Point Chart
TrendSpider Backtesting Entry & Exit Level Chart

Built-in backtesting of automated trendlines, exhibiting win-rate, profitability, and drawdown is a brand new addition and warmly welcome; the staff has propelled TrendSpider into one of many main technical evaluation packages within the trade. They’ve additionally carried out a technique tester that means that you can sort what you wish to take a look at freely, and it’ll do the coding for you.

TrendSpider Price Behavior Explorer System Backtesting
TrendSpider Value Conduct Explorer System Backtesting

One of many parts I like is the flexibility to regulate your backtest circumstances on the fly, and the “Value Behaviour Explorer” and “System Efficiency Chart” robotically replace.   You possibly can leap into coding if you wish to, however the important thing right here is that you just should not have to.

TrendSpider Backtesting Video

Ichimoku Cloud Evaluation

The most recent TrendSpider innovation is the multi-timeframe Ichimoku Cloud indicator.  As a licensed technical analyst, I’ve studied and like Ichimoku, and so was enthusiastic about testing out how efficient and worthwhile it’s when backtested.

Within the chart under, you’ll be able to see Ichimoku in motion. I’ve plotted it on a weekly chart, however I’m additionally utilizing the multi-time-frame evaluation to overlay the month-to-month knowledge concurrently.

TrendSpider Ichimoku Backtesting Chart & Performance
TrendSpider Ichimoku Backtesting Chart & Efficiency

This backtest on NVIDIA (Ticker: NVDA) ran in below 1 second for 5 years of information ranging again to January 2014.  The timing was good because the system entry level got here in January 2015 and exited as the numerous market correction was underway in November 2018.  This secured a 756% win over the 4.5 years.

I additionally like how one can immediately see the system’s efficiency versus a Purchase & Maintain technique.  On this occasion, merely holding the inventory over all the interval would have yielded 1,188%.   So, within the blink of an eye fixed, you’ll be able to see that Ichimoku on a weekly chart wouldn’t have been one of the best system to make use of for this inventory.

That is the fantastic thing about backtesting: you’ll be able to take a look at a number of technical indicators on a number of timeframes and see which works finest.

Right here is how I carried out the TrendSpider Ichimoku backtest.

  1. Choose Technique Tester
  2. Entry Situation: Weekly Value Shut Better than Weekly Ichimoku Senkou B
  3. Exit Situation: Weekly Value Shut Lower than Weekly Ichimoku Senkou B
TrendSpider Ichimoku Backtest Parameters
TrendSpider Ichimoku Backtest Parameters

With TrendSpider backtesting is a breeze.

TrendSpider Market Scanner

One other innovation from the TrendSpider staff is the “Market Scanner.” This allows you not solely to scan a selected inventory however all the marketplace for shares matching your technical standards; combining AI development detection and evaluation with the flexibility to scan the entire inventory market is highly effective.


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TrendSpider Ease Of Use

TrendSpider’s improvements imply you will want a bit time to know what the software program tells you.  For instance, seeing hourly, every day, weekly development strains plotted on the identical chart is perhaps complicated at first. Nevertheless, after making use of a bit effort, you would possibly discover you can’t stay with out them—nonetheless a superb rating on usability.

I’ve examined the client help and make sure it’s wonderful, and you’ve got a human to talk with everytime you like.

TrendSpider Alternate options

What are good options to TrendSpider? In the event you commerce outdoors the US markets and desire a group, then TradingView is a better option. For real-time information, MetaStock is an efficient alternative. For totally AI-driven buying and selling indicators, Commerce Concepts is one of the best. However for automated inventory chart evaluation, TrendSpider guidelines.

TrendSpider vs. the Compeition TrendSpider TradingView MetaStock
Free Plan X X
Value/mo $87 $29.95 $99
Exchanges USA World World
Dealer Integration X X
Elementary Screening X
Buying and selling Group X X
Automated Trendlines X X
Multi-timeframe Evaluation X X
Candlestick Recognition
Market Scanning
Chart Indicators 60+ 160+ 300+
Information Feed X
Actual-Time Information X X

Trendspider Abstract

We have now targeted on what is exclusive about Trendspider; it’s designed for a selected objective, taking the guesswork and painstaking hours of study away from merchants.  However what do you not get?  You don’t get basic scanning & filtering, buying and selling from charts, or dealer integration.  There isn’t any social side for the time being and no information service.  However it isn’t designed for these items; it’s designed for quick, efficient machine-driven technical evaluation.

I’ve examined the client help and make sure it’s wonderful, and you’ve got a human to talk with everytime you like.

I see a shiny future for TrendSpider. For instance, I count on to quickly see how properly any given indicator or value sample works total or for any given inventory.  The examine of the likelihood of a profitable prediction could be a implausible leap ahead.

Are You Wanting For Inventory Investing & Buying and selling Software program? Right here Are My Favorites.

My favourite software program for buying and selling is TradingView as a result of it does all the things properly. It has backtesting, nice charts, inventory screening, and an lively group of over 3 million folks sharing concepts, plus a free plan obtainable globally.

My favourite software program for investing is Inventory Rover, because it focuses on deep basic monetary screening, analysis, and portfolio administration. It’s the supreme platform for dividend, worth, and progress investing.

My favourite software program for inventory market information is Benzinga Professional, with its super-fast real-time information engine, squawk field, and information influence scores.

My favourite AI buying and selling software program is TrendSpider which allows computerized sample recognition for Trendlines, Candlesticks, and Fibonacci ranges. Commerce Concepts makes use of AI to generate excessive likelihood every day buying and selling indicators for auto-trading.

My favourite stock-picking service is Motley Idiot Inventory Advisor, which has a confirmed monitor file of beating the market with wonderful inventory analysis stories.

Learn the Full Prime 10 Inventory Market Software program Testing & Assessment

Full TrendSpider Options Knowledge Sheet

Vendor TrendSpider Logo
Pricing & Software program
$ Month-to-month Finish of Day Knowledge N/A
$ Month-to-month Actual Time Knowledge $24.75 -$37.25
Software program Solely Charge N/A
Customizable Knowledge Feeds
Buyer Service & Schooling Glorious
Tablets Smartpones
Market Knowledge Protection U.S.A.
Knowledge Velocity Glorious
Mutual Funds
Foreign exchange
Commerce Administration
Dealer Integration Shares
Dealer Integration Choices
Place Trades from Charts
Stay Place P&L
P&L Evaluation
Elementary Scanning & Screening
Actual Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
Prolonged Economics Fundamentals (New)
Elementary Screening Rating
Technical Evaluation Charts
A number of Charts Per Desktop
Bar Line HLC Candlestick
Level & Determine
Bollinger Bands
Directional Motion
Ichimoku Cloud
Cash Move
Shifting Averages
Parabolic SAR
Fee of Change
Relative Energy / RSI
Customized Indicator Growth Coming quickly
Whole Variety of Indicators 42
Drawing Instruments
Fibonacci Retracement
Fibonacci Time
Fibonacci Fan
Pattern Strains
Textual content Overlay Coming quickly
Pitchfork Coming quickly
Automated Alerts
Technical Evaluation Rating 10
Information Feed
Actual-Time Information Feed
Economics & Deal Information
Market Commentary By way of Weblog
Group Chat
Techniques & Backtesting
System Market
Create Customizable Techniques
Again Testing Level & Click on
Again Testing Programmatic
Forecasting (new) By way of Automated Trendlines
Robotic Buying and selling (new)
Setup & Usability
SW Setup 10/10
Ease of Use Rating 8/10

TrendSpider Inventory Market Software program – Knowledge Sheet

TrendSpider Review: 9 Reasons It Rules. Full Test & Ratings - 13

This TrendSpider overview finds it’s nice for merchants wanting AI automated charting of shares, Fx, and cryptocurrencies. TrendSpider robotically identifies trendlines, Fibonacci, and Candlestick patterns. Glorious backtesting and multi-time-frame evaluation make TrendSpider an excellent alternative for technical merchants.

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