TrendSpider Raindrop Charts™

X-Ray vision for price charts

Raindrop Charts are an new type of financial chart designed to help you see the true story behind each price movement. Unlike traditional candlesticks, Raindrops incorporate volume directly into each price bar using histograms and VWAP. This illustrates not just that price moved (like traditional candlesticks) but also how volume flowed during the price movement.

See price and volume in a revealing new light

In order to make smart trading decisions, you have to take a lot of information into account. There is the overall trend, the short term and intermediate term trends, there is volume, liquidity, spread, risk control, and so much more. Traders are inundated with information and often have a hard time cutting through the noise. Raindrop Charts are designed to help by visualizing the movement of price, volume and sentiment - at the same time - using a new type of calculated illustration that focuses on highlighting where the action (volume) was.

What are Raindrop Charts?

Unlike traditional candlesticks, Raindrops do not have open or close prices. They are constructed from a high, low, left VWAP and right VWAP. The first half (left side) of each Raindrop represents the first half of the trading period, the second half (right) represents the second half. The width of each side represents the amount of trading volume that occurred at each price level. The dashes are the VWAP for the respective period.

Download the white paper for details on how Raindrops are constructed.
Explore the Blue Doji Raindrop in this blog post.

Preview Raindrop Charts with our comparison tool

See how traditional candlestick, bar, Heiken Ashi and line charts change when viewed through a Raindrop Chart. Just drag the control circle side-to-side. The Raindrop chart will always be on the right.



Try Raindrop Charts yourself with a free trial

Raindrop Charts are a standard feature of the TrendSpider platform. To try them out, just sign up for a free trial using the link below. You may also download the white paper, or join a demonstration webinar to see them in action.

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