Introducing TrendSpider - a new charting platform built for traders, by traders

sle said:
Most "decriers of TA" use some form of evidence-based investing/trading. There is a huge body of scientific knowledge about finance and various relevant tools. Go read a book :)

PS. I'd imagine that most people that "decry TA" decry the various forms of apophenia that TA practitioners suffer from.
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I appreciate that and I certainly understand that perspective - it certainly happens - although I'd argue that it's not always apophenia that traders see in charts, and just because one is a more fundamental or value-oriented trader, doesn't mean they don't fall victim to apophenia. I mean, people find meaningless connections in all kinds f things when it comes to trading, from news releases and financial statements to tweets. At least in a chart, there is a way to spot a pattern in the noise. In other realms that is much tougher.

On balance, I know full-time traders that make their livings trading nothing but technicals (and do pretty well) and others who make their full-time living investing in fundamentals or seeking out value. I also know investors in both camps that are consistent losers.

In any of the cases, regardless of their specific style, the traders who do well in the markets usually have one thing in common: they have identified a system that works for them through trial, error, working with a mentor, etc. etc., and they are militant about their approach; they stick to it. They plan the trade, and trade the plan. Personally, I like to combine forms of analysis to get a more complete picture because I've always found it interesting how often different styles of analysis point in the same general direction. Companies with strong business growth potential and good value tend to have charts that reflect this as well.

Best,
Dan
 
Dan, welcome! I would like you to create a feed which publishes all your clients alerts per symbol. I think ToS has some sort of sentiment indicator based on how their clients positioned. I'm serious ... Will become more valuable as you grow customer base. I get a free lifetime subscription for suggesting!
 
sle said:
Most "decriers of TA" use some form of evidence-based investing/trading. There is a huge body of scientific knowledge about finance and various relevant tools. Go read a book :)

PS. I'd imagine that most people that "decry TA" decry the various forms of apophenia that TA practitioners suffer from.[/QUOT
In my day we called apophenia gypsy tea leaf reading.
still do. :D
More...
 
qlai said:
Dan, welcome! I would like you to create a feed which publishes all your clients alerts per symbol. I think ToS has some sort of sentiment indicator based on how their clients positioned. I'm serious ... Will become more valuable as you grow customer base. I get a free lifetime subscription for suggesting!
More...

:D :D :D
 
Was scanning your website a bit more today ... cool stuff. I think it would be great to be able to automatically query your server for all this kind of info you calculate. For example, I would like to day trade automatically and have a way to query for something like "give me high and low prices based on past 10 days" Or maybe I want to know where you identify the trendline so that I can set/trail my stop some distance away from it. Even getting previous day's open/high/low/close is nice to get from a third party instead of keeping track on your own. I don't think there are existing services that do this via APIs and do NOT require real time market data subscriptions. Basically, I would like to get real time intra-day data from one source (good quality/reliability/latency) and the rest from another source (good enough quality/reliability/latency). If anyone knows of such service (accessible via APIs - not inside a particular platform), please share.
 
ZBZB said:
Are you going to be able to scan for trend line breaks for all stocks in an index like ramp from http://www.nebadawn.com ?
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In short - yes. We have plans for a chart-based search/screening function for Q1 2019. First we plan to enhance our alerts, add new types of alerts (e.g. indicator on indicator interactions, lower indicators, candlestick formations, etc.), then we plan to expand alerts to entire watch lists instead of individual symbols, and based on that we plan to explain watch lists to what we will call 'smart watch lists' that are automatically generated by a criteria the user can define. If you want to learn more about the plans, drop me a note and I can tell you all about the roadmap.

Best,
Dan
 
qlai said:
Was scanning your website a bit more today ... cool stuff. I think it would be great to be able to automatically query your server for all this kind of info you calculate. For example, I would like to day trade automatically and have a way to query for something like "give me high and low prices based on past 10 days" Or maybe I want to know where you identify the trendline so that I can set/trail my stop some distance away from it. Even getting previous day's open/high/low/close is nice to get from a third party instead of keeping track on your own. I don't think there are existing services that do this via APIs and do NOT require real time market data subscriptions. Basically, I would like to get real time intra-day data from one source (good quality/reliability/latency) and the rest from another source (good enough quality/reliability/latency). If anyone knows of such service (accessible via APIs - not inside a particular platform), please share.
More...

Thank you for the feedback. We have considered exposing our internal APIs in the past and may be open to doing so in the future, but at the moment that is not something we are planning on releasing in the intermediate term future. Too many TA functions to automate first :)
 
TrendSpider_Dan said:
Introducing
TrendSpider

A powerful, new charting platform designed to help active
traders (like you!) find trends faster & time trades better.​

Introduction to TrendSpider
We are a small team of traders and software engineers. We were founded in 2017 and just recently launched our software to the public in March of this year. Our team is headquartered in Chicago, with some staff in Denver and Europe.

Our product (and obsession) is called TrendSpider and it is a software platform designed to help active technical investors make better trading decisions.

The best way to think of it is like this: It’s a smart charting platform, an algorithmic analysis system, and a setup monitoring tool -- all in one slick, easy-to-use, web-based package. It’s not a trade alert website. It won’t tell you what stocks to buy or sell, or when to buy or sell the stocks you’re looking at. Rather, it is designed to save you a ton of time, increase your accuracy, and help you get in and out of positions with better efficiency.

tsi.png


The Problem
We like to joke around that “Humans Suck at Analyzing Charts”. The truth is, they don’t always… like most things, some people are naturals at it, and others have a lot to learn.

But in all cases, traders are usually still people :) and as such, they make mistakes. All kinds of mistakes:
  • Even the best traders sometimes get caught up on emotions like FOMO.

  • The gurus all sometimes buy too late, sell too early.

  • Everyone panics from time to time, even when deep down, they know they should stay calm.

  • Master traders sometimes break their own rules, and trade out of boredom, in sketchy markets.
As they say, it happens to the best of us. In the same way that the sky is blue, if someone tells you that they don’t make errors when trading, they’re lying to you.

Often, the trading mistakes we make are because of errors in our analysis. Why? Because, according to our research, traders tend to be very inconsistent.

Using myself as an example, when scanning charts, I would sometimes analyze a full year’s worth of candlesticks, then on the next chart, a year and a half. The next chart yet, just 9 months. Sometimes I would do all my analysis on the 60-minute chart, and other times I would check other timeframes. Sometimes I would draw trendlines wick-to-wick, other times I would draw body-to-body.

The more charts I looked at, the more my analysis deviated from one to the other.

… And in the meanwhile, the market is moving and adding pressure.

As a trader, you don’t always have the time to do a deep dive into every chart. Not if you want to sleep and trade occasionally. In the end, it generally ends up being a judgment call based on incomplete information.

I know this first hand. And I bet you do, too.

The Solution
TrendSpider makes the analysis and chart monitoring aspects of trading easier. Here’s how it works:

Type in any US stock, ETF, crypto, or Forex symbol. TrendSpider will instantly download all the data for 9 different time frames from the cloud, and then use a combination of algorithms, user-configurable formulas, and cold, hard math to perform the following analysis in under 60 seconds:
  1. Find all potential trendlines. Analyze each one of them individually, and find the strongest ones for you, based on rules that you can customize.

    See how it works!

  2. Automatically find, measure and retrace the latest meaningful price move to identify the likely Fibonacci levels.

  3. Detect and highlight any candlestick patterns or formations you want with mathematical precision.

  4. Use Multi-Timeframe Analysis to instantly compare trends, indicators, Fib levels and price action from one timeframe with another -- revealing trends that other traders are likely to miss.

    Example: Imagine using indicators, trendlines and Fibonacci's from the Daily chart, but from on the 5-minute chart. Long-term trends impact short-term price action more reliably than short-term trends do.

    See it in action!
When you see something you like, you can tell TrendSpider to monitor it for you, and alert you when it’s time to get back to your desk[/I]
  • Just right-click on any trendline or indicator, and create an alert on it. The alert will follow the waveform of the indicator, or the slope of the trendline, no matter where it goes. You will never have to adjust it.

  • Select the events you want to be alerted on: a Touch, a Breakthrough or a Bounce. Each event is clearly defined.

  • Adjust the sensitivity of the alert so that you get alerted on price approach even if it doesn’t directly touch.

  • Define what type of confirmation candlestick timeframe you want on this alert, which also controls the speed of the alert.
  • Sit back and relax. Your new alert will stick to the trendline or indicator you selected, following the slope or waveform perfectly. When the trigger event occurs, you'll get a text message, an in-app notification and an e-mail.

    See how it works!
Why you should care & why you should try TrendSpider out

  • Better accuracy and more consistency in analysis - analysis performed exactly the same way every single time, without exception.
  • Automation removes biases and distractions - algorithms don’t care what Elon Musk tweeted last night
  • Analysis time is dramatically speed up - cover more charts, faster (20-25 in the time it would take to do 3 or 4 by hand)
  • Incorporate more data from more time frames into each trading decision
  • Time your entries and exits better by using dynamic alerts
Liberated Stock Trader's Independent Review
“The new kid on the block, TrendSpider is doing something very different and innovative to separate itself from the crowded stock chart analysis software market.” — Liberated Trader Review

Start your 7-Day Free Trial Now
Visit www.TrendSpider.com/ to sign up for a free trial now. Don’t forget to schedule your user training session once you sign up.

If you want a demo of the software before signing up, you can sign up for one of our daily webinars here: www.trendspider.com/demo.php

If you have any questions or comments, feel free to post them on this thread and I’ll answer them, or shoot me an email at dan -at- trendspider -dot- com.

- Dan





Additional resources and examples of a few of the cool things you can do with TrendSpider

To see a complete feature list, please visit this page:
www.trendspider.com/features.php

Using Alerts with Bollinger Band Strategies
https://www.trendspider.com/blog/trendspider-strategy-guide-bollinger-band-trading-strategies/

Detecting Channels and Wedges with TrendSpider
https://www.trendspider.com/blog/trendspider-strategy-guide-trading-the-price-channel/

See more ideas and strategies at the TrendSpider blog and video library:
https://www.trendspider.com/blog/
https://www.trendspider.com/videos.php
More...
 
TrendSpider_Dan said:
Introducing
TrendSpider

A powerful, new charting platform designed to help active
traders (like you!) find trends faster & time trades better.​

Introduction to TrendSpider
We are a small team of traders and software engineers. We were founded in 2017 and just recently launched our software to the public in March of this year. Our team is headquartered in Chicago, with some staff in Denver and Europe.

Our product (and obsession) is called TrendSpider and it is a software platform designed to help active technical investors make better trading decisions.

The best way to think of it is like this: It’s a smart charting platform, an algorithmic analysis system, and a setup monitoring tool -- all in one slick, easy-to-use, web-based package. It’s not a trade alert website. It won’t tell you what stocks to buy or sell, or when to buy or sell the stocks you’re looking at. Rather, it is designed to save you a ton of time, increase your accuracy, and help you get in and out of positions with better efficiency.

tsi.png


The Problem
We like to joke around that “Humans Suck at Analyzing Charts”. The truth is, they don’t always… like most things, some people are naturals at it, and others have a lot to learn.

But in all cases, traders are usually still people :) and as such, they make mistakes. All kinds of mistakes:
  • Even the best traders sometimes get caught up on emotions like FOMO.

  • The gurus all sometimes buy too late, sell too early.

  • Everyone panics from time to time, even when deep down, they know they should stay calm.

  • Master traders sometimes break their own rules, and trade out of boredom, in sketchy markets.
As they say, it happens to the best of us. In the same way that the sky is blue, if someone tells you that they don’t make errors when trading, they’re lying to you.

Often, the trading mistakes we make are because of errors in our analysis. Why? Because, according to our research, traders tend to be very inconsistent.

Using myself as an example, when scanning charts, I would sometimes analyze a full year’s worth of candlesticks, then on the next chart, a year and a half. The next chart yet, just 9 months. Sometimes I would do all my analysis on the 60-minute chart, and other times I would check other timeframes. Sometimes I would draw trendlines wick-to-wick, other times I would draw body-to-body.

The more charts I looked at, the more my analysis deviated from one to the other.

… And in the meanwhile, the market is moving and adding pressure.

As a trader, you don’t always have the time to do a deep dive into every chart. Not if you want to sleep and trade occasionally. In the end, it generally ends up being a judgment call based on incomplete information.

I know this first hand. And I bet you do, too.

The Solution
TrendSpider makes the analysis and chart monitoring aspects of trading easier. Here’s how it works:

Type in any US stock, ETF, crypto, or Forex symbol. TrendSpider will instantly download all the data for 9 different time frames from the cloud, and then use a combination of algorithms, user-configurable formulas, and cold, hard math to perform the following analysis in under 60 seconds:
  1. Find all potential trendlines. Analyze each one of them individually, and find the strongest ones for you, based on rules that you can customize.

    See how it works!

  2. Automatically find, measure and retrace the latest meaningful price move to identify the likely Fibonacci levels.

  3. Detect and highlight any candlestick patterns or formations you want with mathematical precision.

  4. Use Multi-Timeframe Analysis to instantly compare trends, indicators, Fib levels and price action from one timeframe with another -- revealing trends that other traders are likely to miss.

    Example: Imagine using indicators, trendlines and Fibonacci's from the Daily chart, but from on the 5-minute chart. Long-term trends impact short-term price action more reliably than short-term trends do.

    See it in action!
When you see something you like, you can tell TrendSpider to monitor it for you, and alert you when it’s time to get back to your desk[/I]
  • Just right-click on any trendline or indicator, and create an alert on it. The alert will follow the waveform of the indicator, or the slope of the trendline, no matter where it goes. You will never have to adjust it.

  • Select the events you want to be alerted on: a Touch, a Breakthrough or a Bounce. Each event is clearly defined.

  • Adjust the sensitivity of the alert so that you get alerted on price approach even if it doesn’t directly touch.

  • Define what type of confirmation candlestick timeframe you want on this alert, which also controls the speed of the alert.
  • Sit back and relax. Your new alert will stick to the trendline or indicator you selected, following the slope or waveform perfectly. When the trigger event occurs, you'll get a text message, an in-app notification and an e-mail.

    See how it works!
Why you should care & why you should try TrendSpider out

  • Better accuracy and more consistency in analysis - analysis performed exactly the same way every single time, without exception.
  • Automation removes biases and distractions - algorithms don’t care what Elon Musk tweeted last night
  • Analysis time is dramatically speed up - cover more charts, faster (20-25 in the time it would take to do 3 or 4 by hand)
  • Incorporate more data from more time frames into each trading decision
  • Time your entries and exits better by using dynamic alerts
Liberated Stock Trader's Independent Review
“The new kid on the block, TrendSpider is doing something very different and innovative to separate itself from the crowded stock chart analysis software market.” — Liberated Trader Review

Start your 7-Day Free Trial Now
Visit www.TrendSpider.com/ to sign up for a free trial now. Don’t forget to schedule your user training session once you sign up.

If you want a demo of the software before signing up, you can sign up for one of our daily webinars here: www.trendspider.com/demo.php

If you have any questions or comments, feel free to post them on this thread and I’ll answer them, or shoot me an email at dan -at- trendspider -dot- com.

- Dan





Additional resources and examples of a few of the cool things you can do with TrendSpider

To see a complete feature list, please visit this page:
www.trendspider.com/features.php

Using Alerts with Bollinger Band Strategies
https://www.trendspider.com/blog/trendspider-strategy-guide-bollinger-band-trading-strategies/

Detecting Channels and Wedges with TrendSpider
https://www.trendspider.com/blog/trendspider-strategy-guide-trading-the-price-channel/

See more ideas and strategies at the TrendSpider blog and video library:
https://www.trendspider.com/blog/
https://www.trendspider.com/videos.php
More...
Do you offer stock and futures spreads?
 
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