Best Practices: Our Recommended TrendSpider Workflow for Traders to Scan for Trade Opportunities

TrendSpider is an incredibly flexible tool that can be used on any timeframe chart to identify key price levels, trendlines, indicators, support & resistance zones, chart breakouts & breakdowns, and more, automatically. But how do you put it to work for you? What’s the best way to work it as a user? We recommend you approach it as a process.

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