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Author: Dan

Raindrop Charts™ Combine Price & Volume to Better Analyze Market Sentiment

Chicago Fintech invents a new human-friendly volume profile chart that helps traders focus on actual market sentiment rather than abstract prices.

CHICAGO, May 29, 2019 — TrendSpider, today announced the release of a new type of financial chart, called Raindrop Charts™.

The Raindrop Chart is a new type of financial chart that abstracts away arbitrary constructs, such as open and close prices, and focuses on changes in market sentiment. Rather than conveying price changes, Raindrop Charts incorporate volume to validate price movements and provide deeper insights. This makes it a compelling alternative to traditional candlestick charts that focus exclusively on price and require additional overlays to analyze volume.

In a Raindrop Chart, each bar, known as a Raindrop, covers a fixed period of time and consists of the high, low, along with left and right means. The left mean is the mean price, weighted by volume, for the first half of the period, and the right mean is the mean price, weighted by volume, for the second half of the period.

TrendSpider Helps Traders Analyze and Monitor Complex Technical Setups with the Launch of Strategy Tester and Multi-Factor Alerts

Chicago Fintech launches groundbreaking new backtesting and alert capabilities to monitor charts for high-performance trade setups and send real-time alerts.

CHICAGO, Apr. 22, 2019 — TrendSpider, today announced the launch of backtesting capabilities and multi-factor alerts for its cutting-edge automated technical analysis platform.

The Strategy Tester helps active traders instantly backtest the performance of complex technical strategies. For example, active traders can define entry and exit rules based on candlestick patterns or technical indicators and see how the strategy would have performed in the past relative to a benchmark index. Successful strategies can be converted into a multi-factor alert in just a couple of clicks to help traders identify high-probability trading opportunities and potentially generate more consistent returns.

The next big thing from TrendSpider: Announcing F-AI Stock Picks

About one year ago I was trolling my twitter feed when I came across an old article from June of 2013 by Frederick E. Allen at Forbes titled “Cat Beats Professionals at Stock Picking. In this article, Allen tells of an experiment conducted in the UK by The Observer where a house cat named Orlando was pitted against some of the best fund managers in the country for a stock picking contest.

Orlando won. Big.

Why we decided to try to Reimagine and Reinvent the Stock Chart

Reinventing the Stock Chart

I’ve built a lot of startups in my day. My last successful business that I co-founded, SingleHop, focused on automating the deployment and management of cloud infrastructure. It was acquired last year. I’ve also co-founded and sold a website hosting company called midPhase, and founded marketing SaaS platform called Concurra. The one common thread across all my endeavors was automation.

Guest Post by Trader Stewie: Using Smaller Timeframes to Unlock Hidden Patterns

This guest post was adapted from a private, members-only update that Trader Stewie from the Art of Trading shared with his subscribers. This is his perspective on using multiple timeframes to identify trends that you might otherwise miss, specifically why dropping down into shorter timeframe charts can help expose interest and actionable patterns and trading opportunities.

For those of you who are new to Trader Stewie, he has been trading for since 2009 and has a well-earned reputation for being a foremost expert technical analyst. In addition to running the Art of Trading, he also writes a blog called The Impatient Trader and is a prolific Twitter user. When Stewie isn’t trading, he can usually be found in the kitchen cooking up something delicious looking!