In this TrendSpider Strategy Guide issue, we will be covering one of the core strategies that TrendSpider enables and one of the most popular ways to use the system: Using Automated Trendline Detection with Multi-Timeframe Analysis.
Prepare for trading: Week of July 30th, 2018
Whether you are new to trading or not, you have probably seen those stock photos of someone sitting in front of a screen full of charts that accompany every article about trading. But have you ever looked at those charts and wondered what it all means? There are many forms of charts, but probably the most commonly used are candlestick charts generally consisting of red and green rectangles that look similar to a box and whisker plot. These are called Japanese Candlesticks, and we’re going to talk a whole lot about them in this article.
For anyone looking to understand trading, having a strong background knowledge of candles and what they depict can give you a leg up in the challenging game of stock trading. This article covers everything you need to know about candlestick patterns from what they are, to some of the most common patterns and what they mean.
At TrendSpider, we work hard to make sure everything about our automated analysis is transparent to our customers. One of the ways we do this is through our newly released “Truth in Analysis” Line, which was previously informally known as the “Honesty” Line. This line will show that our analysis is always truthful with a time stamp when it was last performed.