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Tag: Automated Technical Analysis

Raindrop Charts™ Combine Price & Volume to Better Analyze Market Sentiment

Chicago Fintech invents a new human-friendly volume profile chart that helps traders focus on actual market sentiment rather than abstract prices.

CHICAGO, May 29, 2019 — TrendSpider, today announced the release of a new type of financial chart, called Raindrop Charts™.

The Raindrop Chart is a new type of financial chart that abstracts away arbitrary constructs, such as open and close prices, and focuses on changes in market sentiment. Rather than conveying price changes, Raindrop Charts incorporate volume to validate price movements and provide deeper insights. This makes it a compelling alternative to traditional candlestick charts that focus exclusively on price and require additional overlays to analyze volume.

In a Raindrop Chart, each bar, known as a Raindrop, covers a fixed period of time and consists of the high, low, along with left and right means. The left mean is the mean price, weighted by volume, for the first half of the period, and the right mean is the mean price, weighted by volume, for the second half of the period.

Sunday Update Week of January 21st – The Markets Hit The Weekly SMA (20) “Wall”

A prepared trader is a generally a profitable trader, and Sunday is a great day to get ready for the week ahead by studying up from last week’s price action.  In this weekend’s analysis, we take a look at the broad markets after continued moves to the upside, with SPY, QQQ, and XBI all closing at or near the longer-term 20-week simple moving average resistance. As the market has not been phased by the government shutdown, the weekly SMA (20) is the only “wall” the market needs to pay attention to.

TrendSpider Thursday Analysis: NIO, DAL, and AAPL

Every Thursday, we perform an analysis of three tickers that are looking interesting into the end of the trading week. It is important to always remember using multiple time frames is the best approach to seeing the entire picture and in these videos, we use the daily and weekly time frames. Take a look to see how stocks from three completely different sectors are looking into Thursday! 

TrendSpider Chart Analysis: Special Thanksgiving Edition

Happy Thanksgiving and welcome to this special edition of our Thanksgiving blog post! Every Thursday, we perform an analysis of three tickers that are looking interesting into the end of the trading week. However, with Thursday being the big Turkey day this week, we are doing a special blog post early which takes a look at SPY, QQQ, and XBI and how the charts have materialized over the last week and how they look into the rest of 2018.