You asked, we listened! At TrendSpider, we are constantly working on adding new, useful features to our platform as well as updating and improving the ones we currently have. In this update, we have added three new market data feeds to TrendSpider, in addition to the data feeds already supported.
On Raindrop Charts, the color of a Raindrop depends on the relative position of the Left and Right mean (VWAP) prices to each other. The logic is similar to Japanese Candlesticks or Bars: It’s red if Right is less than Left, and green if Right is greater than Left.
Unlike other charts, there is a particular special case worth noting in Raindrop Charts when the VWAP price of each side of the Raindrop happen to be equal (or approximately equal; see more below).
We call this type of Raindrop a Blue Doji Raindrop:
As I mentioned, we believe this Raindrop is very special.
In this weekend’s blog post, we take a look at the broad market ETF’s into Monday. The weekly candles held the SMA (20) on both SPY and QQQ but XBI closed through this area and could be telling for what’s coming next week.
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 how the SPY, QQQ, and XBI ETFs are shaping up into next week. As the first weekly red volume bar of the year, is this a point of a reversal or just a quick consolidation zone before the next leg up?
Happy Presidents Day! A prepared trader is a generally a profitable trader, and long weekends can be the best time to study up for the coming week ahead. In this weekend’s analysis, we focus on the brand new features now available and take a quick look at the broad market ETFs in our video update.