Traders have been searching for reliable trend reversal indicators for as long as technical analysis has been around. While the directional movement index (DMI) predicts trend direction or significant price moves, the vortex indicator incorporates the concept of flow and vortex motions in the market to yield a more accurate prediction.
At TrendSpider we are always working on ways to innovate new features, as well as improve upon existing ones. For today’s software update, we are happy to release an update to our drawing tool suite adding a new “Line” parameter for Ray, Segment, Horizontal, Draw Ruler, and Polyline drawing tools.
In this blog post, make sure to check out the top 5 TrendSpider charts posted this week on social media as well as the broad market charts! Make sure to tune-in to the Sunday show at 11 AM EST!
Sunday, September 13th join us for a free 5-hour live stream event on our Youtube Channel! The theme for this live show will be “Strategies to Stay Afloat In Today’s Market” aimed to provide educational content and trading strategies from a few of Fintwits top traders.
Most active traders use a combination of chart patterns and technical indicators to spot opportunities, but there’s no doubt that fundamentals and news drive price action as well. While event-driven traders leverage news flow to profit from volatility, there are many other forms of fundamental analysis that active traders can use to gain an edge in the market.
Let’s take a look at some of these fundamental analysis techniques and how you can employ them to gain an edge in the market that most traders ignore.