How It Works

Table of Content

How TrendSpider Works

When you input a symbol into TrendSpider, it will automatically download price data from the following timeframes simultaneously: 1, 5, 10, 15, 30, 60 minutes, daily, weekly and monthly. The system will then automatically process each chart simultaneously to identify all possible trendlines, based on the analysis settings the user configures, as well as Fibonacci levels, breakout points, candlestick formations, and more. The data is then filtered through a series of user customizable mathematical formulas to filter out irrelevant or weak points and the remaining chart annotations are displayed to the user. The automated process is designed to mostly replace or augment the manual technical analysis process so that traders can scan charts for setups quicker and with more accuracy.