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Category: Announcements

TrendSpider Roadmap Update and Community Webinar

Thank you to everyone who attended our Webinar last night. A live replay is available now at this link. Please check it out if you missed it.

One slide that I wanted to share in this blog post from the presentation is our Roadmap. This isn’t exactly set in stone – obviously things will come up, some things will take more time or less time to build, but I wanted to share it here to give the community a clear picture of where we are taking the TrendSpider platform.

If you are a customer already, thank you for your support. You are enabling us to build our vision of changing the world for chartists. If you are not yet a customer, please consider subscribing to support our work.

In the roadmap below, the green box represents work that has been completed, dark grey is “in progress”, and light grey is forward looking.

Thank you again for your interest and support in the TrendSpider project!

Webinar on Sunday: Join us for a System Update Webinar

On Sunday, June 16th at 5pm Central Time / 6pm Eastern Time, TrendSpider will be hosting a webinar to discuss the latest additions, improvements, upgrades and changes to the TrendSpider platform. This will include a presentation, a demonstration of some of the new capabilities, and discussion about the future of the platform. While this is aimed primarily at TrendSpider customers, anyone is welcome to attend. There will be a 45 minute presentation, followed by 15-20 minutes of Q&A, as needed.

To register and attend the webinar, please RSVP here.

What are Raindrop Charts and why should you care?

I am very proud to write about a new feature that we have been developing for many months, since last October to be precise. This is something that is very special to me because I am a volume oriented trader, and I need to see price movements on volume in order to feel any conviction in my trade plans. This is a new feature, and it’s somewhat different than other features we have built. Instead of trying to automate something people already do – with this feature, we’re inventing something new — something we’re calling Raindrop Charts. In this post, I wanted to briefly tell you why I believe these are a big deal and why you should pay attention.

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.