Why Eyeballing Charts for Trend Lines is Disadvantageous

One of our ads has a headline that basically says: “Humans suck at drawing trend lines.” And this ad in particular has caused a bit of a stir on social media, so we thought that it would make sense to provide some more elaboration on what we mean. Here it is:

Humans Suck At Drawing Trend Lines. 

Yup. We meant what we said in the ad. In this post we want to explain why.

Continue reading Why Eyeballing Charts for Trend Lines is Disadvantageous

Show 10,000 traders the same chart…

One of the most common questions we get is: how does TrendSpider detect trend lines and what is the method behind it? In this post, we will try to explain this in some detail.

A large part of our market analysis thesis is that there is a wide variety of interpretations for any given price chart. What we mean is, most every trader will see something different in the same chart Continue reading Show 10,000 traders the same chart…