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Tag: 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 March 4th – SPY Shows It’s First Weekly Red Candle in 2019

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?