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Category: Announcements

Introducing TrendSpider University: Learn how to TrendSpider like a pro!

I’m very honored and pleased to introduce the first iteration of our education program designed to help traders, market technicians and analysts learn the ins and outs of the TrendSpider platform. TrendSpider U, as we affectionately call it internally, is a collection of resources designed to help you become an expert in the product. This is really important to me because after years of doing this, one thing has become clear: there is a learning curve to the TrendSpider platform; and it is easier to overcome for some traders and harder for others. To that end, we have compiled a wide range of materials and services for you to learn from. Here is a little bit of what TrendSpider U has to offer.

Introducing Spider Scans… Powerful Scanner Configs for Finding Consolidation and Breakouts

TrendSpider’s mission is to make the process of technical trading more intuitive, efficient and less painful for traders. One of the ways we are doing that is through the all new Market Scanner, which is a game-changing technical scanner that works on multiple timeframes (down to 1 minute) to search the market (like Google) for charts that fit a specific technical criteria. We’re not tooting our own horn when we say there is nothing else even remotely like it on the market – there just isn’t. We’ve looked. Today we are announcing a new set of pre-made Market Scanner configurations designed to identify powerful chart setups for you. We’re calling these Spider Scans. Spider Scans are experimental — but high potential — scans with a large number of conditions complex conditions to search the market for potential reversals or breakouts. There are currently six configurations in this category, with more to be added down the road.

TrendSpider Launches Market Scanner to Empower Traders to Find Actionable Trade Setups Faster and More Efficiently

CHICAGOFeb. 3, 2020 /PRNewswire/ — TrendSpider, a Chicago-based fintech focused on building automated, all-in-one dynamic technical analysis software for active traders, today announced the release of its ground-breaking Market Scanner technology.

The Market Scanner is intended to help active traders filter through the universe of symbols, or a specific watchlist, for securities that meet specific technical requirements. For example, traders can search for any U.S. stocks in the S&P 500 that have experienced a bullish engulfing on the five minute chart that also have a relative strength index (RSI) reading of less than 50 on the daily timeframe. They can then use TrendSpider’s other functions to develop strategies, analyze patterns, compare timeframes, identify support and resistance zones, and create alerts.