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TrendSpider Software Update: Fourteen New Indicators Added

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 blog post, we take a look at the addition of fourteen new indicators. Enjoy!

ADX DI

The average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator.

 

Fibonacci Bollinger Bands

The Fibonacci Bollinger Band indicator bases its upper and lower bands on volatility just like the Bollinger Bands indicator, but it features multiple lines based on Fibonacci numbers, not just +1/-1.

 

Linear Regression Intercept

Linear Regression Intercept indicator is one type of indicator which is once again calculated by using the Linear Regression or LR technique the same as Linear Reg Forecast Indicator. For each data point, the indicator plots the intercept for the trend line.

 

Linear Regression Slope

The Linear Regression Slope is a centered oscillator type of indicator similar to momentum indicators. As indicated by its name, it “oscillates” or fluctuates above and below a central line drawn at 0. … It can be used to measure the strength or weakness and direction of the momentum.

 

Mass Index

The mass index is an indicator, developed by Donald Dorsey, used in technical analysis to predict trend reversals. It is based on the notion that there is a tendency for reversal when the price range widens and therefore compares previous trading ranges (highs minus lows).

 

McGinley Dynamic

The McGinley Dynamic indicator is a type of moving average that was designed to track the market better than existing moving average indicators. It is a technical indicator that improves upon moving average lines by adjusting for shifts in market speed.

 

Moving Average Ribbon

The Moving Average Ribbon indicator is a series of moving averages of different lengths plotted at the same time on a chart. The result is a ribbon appearance that gives a 3 dimensional look. The ribbon is made up of 8 different length moving averages. In this indicator, an exponential moving average is used.

 

Net Volume

Net volume is a technical indicator calculated by subtracting a security’s uptick volume by its downtick volume over a specified period of time. Unlike standard volume, the indicator differentiates whether the market sentiment is leaning bullish or bearish.

 

Percentage Volume Oscillator

The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. The PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. This indicator can be used to define the ups and downs for volume, which can then be used to confirm or refute other signals.

 

TRIX

The Triple Exponential Average (TRIX) is a momentum indicator used by technical traders that shows the percentage change in a triple exponentially smoothed moving average.TRIX is also implemented by technical traders to produce signals that are similar in nature to the Moving Average Convergence Divergence (MACD).

 

Ultimate RSI by Brad Kruger

 

Vertical Horizontal Filter

Vertical Horizontal Filter (VHF) is a trending and ranging indicator authored by Adam White. The VHF uses the highest close minus the lowest close divided by the sum of the absolute value of the difference of the highest and lowest over a user-defined time period.

 

Volume Rate Of Change

The volume rate of change indicator measures the rate of change in volume over the past “n” sessions. In other words, the VROC measures the current volume by comparing it to the volume “n” periods or sessions ago. VROC can be a powerful technical indicator.

 

Welles Swing Index

Welles Swing Index (SI) Swing Index is a technical indicator developed by Welles Wilder to assess price trend changes and changes in a trend strength in relation to price swings with an attempt to reveal the moments when traders behavior changes.

 

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