Automated Technical Analysis
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TrendSpider provides the traders with multiple automated technical capabilities to provide them a seamless trading experience that consumes less time, promotes discipline, and minimizes emotions. In this documentation, we will explore the types of automated analysis you can explore in TrendSpider...
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Customizing Your Automated Technical Analysis Settings
TrendSpider provides traders to customize and tune the automatic technical capabilities used while performing technical analysis. In this documentation, we will explore the customization options for the following: Auto Trendline Auto Fibonacci Sequence Heatmap (Preferences) Candlestick Pattern R... -
Truth in Analysis Line conveys the exact timestamp when analysis on any chart was completed. This line is tied to three features: Trendlines, Auto Fibonacci (Auto Fibs), and Heatmap. There are two kinds of lines: Yellow lines (Dark Mode Theme) or Blue Lines (Light Mode Theme) mean that the anal...
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TrendSpider allows the traders to enable and use Multi-Time Frame Analysis (MTFA) on the charts to plot Trendlines, Indicators, Autofibs, Candlestick Pattern Recognition, and many other technical analysis capabilities from one timeframe to another for increasing the probability of a successful tr...
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Automated Fibonacci Retracements
Traders use Fibonacci retracements and extensions to identify possible support and resistance levels for use as potential stop-loss, take-profit, and entry points. Despite its wide use cases, many traders unintentionally misuse Fibonacci tools by incorrectly selecting the two points used to draw ... -
With advanced algorithm integrations in TrendSpider, traders can allow the system to automatically draw the trend lines with mathematical precision on the chart and investigate the unique insights into the bigger picture of trends. In this documentation, we will explore: Adding Automated Trendl...
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Trendline Customization and Filtering
Automated trend line analysis is one of the most powerful features in the TrendSpider platform. Rather than manually creating trend lines, the platform’s advanced algorithms can draw trend lines with mathematical precision. There are several different settings that you can use to customize trend... -
TrendSpider makes it easy to adjust the core base parameters that detect trend lines on a chart. You can access the Analysis Settings in a few steps: Click on the vertical ellipsis option next to the Trends button in the top menu bar. 2. Click on Advanced to show the Analysis Settings to the ...
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Custom Trend Line Detection & Scoring Formulas
TrendSpider makes it easy to customize the mathematical formulas that are used as a sorting algorithm for all possible automated trend lines. By customizing or adding your own values, you can change the way that TrendSpider identifies trend lines or identify your own custom trend lines. You can ... -
If you have plotted the automated or manual trendline on the chart, then enabling Breakout Detection on the charts will allow the TrendSpider to mark the trendline breakouts, whether upward or downward for you automatically. In this documentation, we will understand how to add the breakout detect...
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Automated Candle Pattern Recognition
TrendSpider automatically detects the candlestick formations on any chart and timeframe, including single candlesticks and multi-candlestick patterns. In this documentation, we will explore the following: Adding Automated Candle Pattern Recognition Manage Automated Candle Pattern Recognition Pre... -
Auto-Recognized Traditional Candlestick Pattern Definitions
TrendSpider supports more than 100 different auto-recognized candlestick patterns, including core patterns (described below) and candlestick patterns developed by Rob Smith's The Strat, Tom Bulkowski's The Pattern Site and Newsome Candles. Note: The following list only covers patterns that we ha... -
Automated Chart Pattern Recognition
Chart Patterns are formations created by the price action on a chart. They are one of the pillars of Technical Analysis, along with indicators, candlestick patterns, and so on. Some of the most popular Chart Patterns are available on TrendSpider! The platform can automatically paint them on the c... -
Description: The Ascending Broadening Formation is a bearish reversal chart pattern characterized by two diverging trend lines, where the lower trend line slopes upward more steeply than the upper trend line. This pattern is formed by increasing price swings and volatility, indicating growing un...
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Description: Asymmetrical Broadening is a chart pattern characterized by two diverging trend lines, with one trend line moving upward and the other moving downward, creating a shape that broadens over time. This pattern typically signifies increasing market volatility and uncertainty as the pric...
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Description: The Descending Broadening Formation is a bullish reversal chart pattern characterized by two diverging trend lines, with the upper trend line sloping downward more steeply than the lower trend line. This pattern unfolds through a series of lower highs and lower lows, indicating incr...
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Right-Angled and Ascending Broadening
Description: The Broadening, Right-Angled and Ascending pattern is a unique chart formation that serves as a bearish reversal indicator. This pattern is characterized by a horizontal resistance line at the top and an ascending support line that diverges from the resistance, creating a right-angl... -
Right-Angled and Descending Broadening
Description: The Broadening, Right-Angled and Descending pattern is a bullish reversal chart formation, contrasting with its ascending counterpart. This pattern features a horizontal support line and a descending resistance line, creating a right-angled shape that broadens over time. The configu... -
Description: The Broadening, Symmetrical pattern is a chart formation that signifies increasing volatility and market indecision, characterized by two diverging trend lines that form a reverse triangle or megaphone shape. Unlike the asymmetrical and right-angled broadening patterns, both trend l...
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Description: The Ascending Channel is a bullish chart pattern characterized by two parallel trend lines that frame an uptrend: the lower line connects the higher lows, and the upper line connects the higher highs. This pattern illustrates a steady increase in price within a defined upward slope,...
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Description: A Descending Channel is a bearish chart pattern formed by two parallel, downward-sloping trend lines that encapsulate a series of lower highs and lower lows. This pattern indicates that sellers are dominating the market momentum, pushing prices down consistently, but with buyers cau...
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Description: The Horizontal Channel, often referred to as a ranging or sideways market, is a chart pattern characterized by two parallel horizontal lines that connect the series of highs and lows within a specific price range. This pattern indicates that neither buyers nor sellers are able to ga...
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Description: The Double Top is a bearish reversal chart pattern characterized by two consecutive peaks that are roughly equal in height, separated by a trough. This pattern mirrors the shape of the letter "M". The first peak forms during an uptrend, indicating a resistance level that the price f...
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Description: The Double Bottom is a bullish reversal chart pattern characterized by two consecutive troughs that are roughly equal in depth, separated by a moderate peak. This pattern resembles the shape of the letter "W". The first trough marks the initial low point of a trend, followed by a re...
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Description: The Head and Shoulders pattern is a highly regarded bearish reversal configuration that emerges at the end of an uptrend. It is distinguished by three peaks: the left shoulder and the right shoulder are at approximately the same height, and the head is the highest point. Between the...
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Description: The Inverse Head and Shoulders pattern is a bullish reversal configuration observed at the end of downtrends. It consists of three troughs: the central trough (head) is the deepest, flanked by two shallow troughs (shoulders). The reversal is confirmed when the price breaks above the...
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Description: The Ascending Triangle is a bullish continuation chart pattern characterized by a horizontal upper trend line that acts as resistance and an ascending lower trend line that acts as support. This pattern forms due to the price making higher lows while hitting a consistent resistance ...
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Description: The descending triangle pattern is a bearish continuation formation observed within a downtrend, indicating a potential resumption of downward momentum following a period of consolidation. This pattern is characterized by a series of lower highs forming a descending trendline and re...
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Description: A symmetrical triangle emerges when converging trendlines, characterized by roughly equal slopes, encapsulate price action. This formation signifies a period of equilibrium between buyers and sellers, typically marked by decreasing volatility and trading volume. As the price nears t...
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Description: The wedge pattern, a technical indicator observed in financial markets, represents a period of tightening price ranges, characterized by converging trend lines forming a triangular shape. This pattern often signifies a potential reversal or continuation of the prevailing trend, depe...
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Description: The wedge pattern depicts a narrowing range between highs and lows on a price chart. As this pattern evolves, it forms converging trend lines, indicating a potential breakout or breakdown. A falling wedge occurs when both trend lines slope downward, suggesting a gradual decrease in ...
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Enabling Heatmaps allows the TrendSpider to use complex mathematical calculations to identify areas that have strong Support & Resistance levels on any chart and on any timeframe which may be overlooked by manual methods of charting. In this documentation, we will explore: Heatmap Fundament...
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How Are Heatmaps Generated On Charts?
This article covers the rough process and methodology used by TrendSpider heatmaps. The actual specific method will vary based on the type of Heatmap you are using. Step One Step Two Step Three Step Four Step Five Step Six -
Horizontal Support and Resistance Heatmaps
Heatmaps approximate key support and resistance zones by summing all of the detected trend lines and applying an advanced heatmap generation algorithm. There are three ways to visualize support and resistance: Horizontal Depth Trends Depth and Horizontal mode provide a clearer picture of the st... -
Heatmaps are a visual representation of possible “support” and “resistance” (S/R) areas that work by shading your chart with various hues of red. Heatmaps can be used to confirm or identify levels of interest on any chart on any timeframe using these chart visuals. Areas, where multiple S/R level...
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Automated Chart Pattern Recognition
Chart Patterns are formations created by the price action on a chart. They are one of the pillars of Technical Analysis, along with indicators, candlestick patterns and so on. Some the most popular Chart Patterns are available on TrendSpider. The platform can automatically paint them on the char...