In this week’s Strategy Guide blog post, we revisit the brand new “Alert Sensitivity” feature that was introduced last week. Users now have the ability to trade price channels without having to stare at the screen and worry about missing the top or bottom by a few cents. This feature allows the ability to increase or decrease the area in which traders want to be alerted about price action. Make sure to check out the video and graphics to get a full understanding of how this works.
In this week’s strategy guide blog post, we tackle head on one of the biggest misconceptions about the TrendSpider platform, which is that the system only shows trendlines that the system is programmed to find. In reality, TrendSpider is a customizable tool and the settings on the system can be completely customizable and configured to look for trendlines however you prefer. As everyone’s trading strategy and technical analysis strategy is a little different, each trader may find their ideal settings to be slightly (or even completely) different than what we show in this video.
When most traders think of moving average confirmation strategies, they may immediately think of the generic and most widely used ones such as the 50-day Simple Moving Average vs. the 200-day Simple Moving Average. However, even though these can be very useful, especially as many traders become educated and are looking at the same thing creating self-fulfilling moves, there are other moving average relationships that backtest very well.
As TrendSpider has just introduced lower indicators, we think the use of these tools can be very resourceful if used correctly. Last week, we touched on how to add these indicators to the chart as well as what to look for between price action and the lower indicators. This week, we are going to take a look at the relationship between two momentum oscillators, the Williams % Range and Relative Strength Index.
TrendSpider is happy to announce the availability of lower indicators and will be adding more as time progresses. We believe the addition of these resources will greatly help traders utilize the ability to backtest price vs. indicator action. In this strategy guide blog post, we will show traders how to utilize these correctly on the platform as well as general ways to spot repeating patterns in the market.