Advanced Customization Settings
Trend Analysis Settings
Customize Trend Detection and Scoring Formulas
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...
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 ...
Automated Gap Detection
TrendSpider makes it easy to identify gaps that occur when new information is priced into the market. While technical analysis reigns supreme when there’s no news, significant news events can have a dramatic impact on prices as the market determines a new valuation.
For example, an unexpected ea...
Automated Trendline Detection
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...
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...
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...
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...
Truth in Analysis Timestamp
Truth in Analysis Line conveys the exact timestamp when analysis on any chart was completed.
There are two kinds of lines:
Yellow lines (Dark Mode Theme) or Blue Lines (Light Mode Theme) mean that the analysis is currently locked at the point in time.
Red lines indicate that the analysis is not...