In this Sunday, October 13th webinar recording, we have guest Tarek Saab, owner of Fibonacci.com, to join us in exploring the different ways to use Fibonacci levels on the TrendSpider platform as well as different strategies he uses to find measured moves. We will show users how to create alert zones on these levels as well. Don’t miss our first “Fibonacci focused” webinar!
At TrendSpider, we are constantly working on adding new, useful features to our platform as well as updating and improving the ones we currently have. In this blog post, we take a look at a crowd favorite, the addition of the Ichimoku Cloud indicator! Along with this indicator comes the ability to offset upper indicators and use new offset parameters in the Strategy Tester and Multi-Factor alert templates. Enjoy these new features and improvements!
In this weekend’s analysis, we take a look at the broad market ETF’s as each day was a rollercoaster ride over the last week. We take a look at SPY, QQQ, and IWM while using Multi-timeframe analysis, Raindrop Charts(TM), automated settings, and more! Don’t miss this weekend’s webinar as we learn all about the Fibonacci sequence that occurs in the financial markets.
TrendSpider now supports offsets in alert and backtest templates. This post will explain how offsets work and when you should use them.
What are offsets?
Offsets allow you to compare events that occurred in the past or in a sequence. This is useful with lagging indicators such as the Ichimoku Cloud’s Chikou Span line which is set-back by 26 candles. Without an offset option, you would not be able to create an accurate signal from this indicator because you would be comparing a past-value against a present-value.
Offsets also allow you to compare events that occurred in sequence, compare conditions which may have been met at different times, together in one alert.