The user interface of TrendSpider is carefully designed to facilitate easy navigation and access to the superlative technical analysis tools and widgets. Over and above that, many functionalities on the interface are supported with beginner-friendly tooltips, clicking on which the users are redirected to the related support documentation. This helps the traders to understand the fundamental theory and implementation steps.
In this documentation, we will develop a high-level understanding of different tools and functionalities appearing on the interface.
Let’s get started 🚀
Symbol Search & Selection Field
The Symbol Search and selection field allow the traders to perform a quick search for different asset classes including stocks, exchange-traded funds (ETFs), currencies, cryptocurrencies, indices, and futures either by typing the name or ticker symbol.
Note*: The symbol search field is also embedded in the watchlist creator window.*
Click on the Favorite Symbol (denoted with ★) to add the ‘existing symbol on the chart’ to your custom Watch List. Every time you revisit your favorite symbols, the star will turn yellow.
Note*: You cannot add symbols into the pre-made watchlists like Russell 2000 Index, Dow Jones 30, S&P 500 Index, etc.*
Refresh Data and Analysis Button
Click on this button to refresh and update all the automated chart data and analysis like Trendlines, Auto Fibs, Candlestick Patterns, Auto-Anchoring for Anchored VWAP, Anchored OBV, and Anchored A/D, and Heatmap in real-time.
Note*: The refresh action does not work on the manual analysis.*
Tip: You can also use the hotkeyOption+Rfor Mac andControl+Rfor Windows to refresh 💡
Workspace Layout Switcher
Workspace Layout Switcher allows the traders to select the number of charts to view at the same time on the interface. The traders can select from 1 chart to 4 charts to view at a time while also configuring their layout.
Each chart in the layout can have different indicators, chart settings, chart types, time frame, logarithmic scales, trend lines, etc. where each chart belongs to the same symbol.
For more information, please refer to the documentation on Workspace Layout Switcher.
Allows you to turn on and off the automatic trend lines detected by TrendSpider. The platform’s advanced algorithms can automatically draw the trend lines with mathematical precision.
Click on the adjoining vertical ellipsis (⋮) to adjust trends analysis preferences based on Analysis Type, Drawing Input, and Islands (Gaps). You can also configure advanced settings to customize or add your own values and change the way TrendSpider identifies trend lines.
Note*: Trend Settings apply to Auto Fib and Heatmap as well.*
Toggle Multi Time Frame Analysis (MTFA)
Allows you to turn on and off MTFA, one of the most popular and robust features of TrendSpider, designed to display trend lines, indicators, and Fibonacci retracements from one timeframe on the chart of another. Moreover, it works across all the technical analysis capabilities that TrendSpider has got to offer.
Note*: The MTFA trendlines are dashed and the time frame trend lines are solid.*
Toggle Standard Indicators
Allows you to turn on and off the standard indicators configured in the system options or the system defaults if custom indicators are not configured. TrendSpider provides access to 120+ popular technical indicators, ranging from the Absolute Price Oscillator to the Zero-Lag Exponential Moving Average.
Click on the adjoining vertical ellipsis (⋮) to add, remove, or customize indicators on a chart for the color, thickness of a trend line, and price source among many other settings.
Toggle Candlestick Patterns
Allows you to turn on and off the automatically detected candlestick formations on any chart and timeframe.
Click on the adjoining vertical ellipsis (⋮) to select from a wide array of candlestick patterns. TrendSpider detects and instantly identifies the selected candlestick patterns on the chart, highlights them, and adds a label.
Toggle Automatic Fibonacci
Allows you to turn on and off the Automatic Fibonacci retracements. If enabled, TrendSpider will automatically determine the high and low points and calculate the Fibonacci levels between them. In addition, you can plot Fibonacci sequences across different timeframes, providing broader insights that are difficult to extract elsewhere.
Allows you to turn on and off the Heatmap. If enabled, TrendSpider will 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.
Click on the adjoining (⋮) vertical ellipsis to change your heatmap preferences between three different types i.e. Horizontal, Depth, or Trends.
Watch Lists (Right Sidebar)
Watch lists allow you to effortlessly access and switch between different symbols you are following (using your keyboard Up and Down keys) for seamless tracking and monitoring of the performance without flipping through charts every minute. TrendSpider takes watchlists a step further by automatically sending SMS or email notifications when an indicated pattern has been spotted anywhere on your watchlist.
Account & Settings
Navigate to Account & Settings to configure, manage and update your notification, profile details, and billing details.
Click on Log Out to end your trading session on the current device.
Allows you to select the type of charts from the dropdown list for performing a diverse technical analysis on the selected symbol. You can select any of the following charts- Line, Bars, Candles, Hollow Candles, Raindrop, or Heikin Ashi.
Allows you to select the timeframe for your chart from the dropdown list. You can select anywhere from one minute to monthly and the chart will be populated accordingly.
Share Chart Tool
Allows you to capture and share the chart screenshot to social media channels like StockTwits and Twitter. Moreover, a unique URL is generated for every screenshot you capture that can be copied and shared with anyone.
Allows you to view the notifications for the occurrence of the following events:
- When your specifications for the price alerts are triggered
- When an alert is expired without the fulfillment of triggered criteria
- When an alert encounters a failure or experiences an error.
- When you are invited to use someone else’s Watch Lists or Scanners
- When the access to use someone else’s Watch Lists or Scanners is revoked
The time stamp on the notification is denoted in Eastern Standard Time (EST) format.
Toggle Other Data
Allows you to turn on and off the other enterprise-grade data on the chart.
Click on the adjoining (⋮) vertical ellipsis button to select one or more types of other data you would like to add to the chart. You can opt to add- Analyst Estimates (US Stocks), Splits (US Stock and ETFs), Dividends (US Stocks), Earnings (US Stocks), FINRA Reg SHO Data (Short Volume), and r/wallstreetbets Mentions.
Alerts & Bots
Click on the Alerts & Bots button to toggle on or off the Alerts & Bots created.
Click on the vertical ellipsis (⋮) adjoining the Alerts & Bots button to create:
- Create the Simple Dynamic Alert
- Create the Multi-Factor Alert
- Create a Trading Bot
Allows you to launch Script Manager to view a script, edit an existing script, or create a new script from scratch. Scripts are a set of conditions that translate your custom requirements into the format that TrendSpider can understand. You can use existing or newly created scripts in conjunction with the Strategy Backtester, Market Scanner, or Multi-Factor Alerts.
Allows you to easily test entry and exit strategies for a symbol over any period of time while helping you solve the two related problems:
- Assessing how your strategy behaved in a given market with given parameters.
- Optimizing and training strategy through backtesting
Allows you to use and modify pre-built market scanners or create new custom scanners for a symbol based on a set of technical conditions defined using the same visual interface as the Strategy Tester and Multi-Factor Alerts with support for multiple timeframes.
**Note: Saving the results of the scans adds them to the Smart Watch List so that it becomes easy to create re-run scans without having to find and run them using the Market Scanner.
Allows you to add a wide array of powerful widgets that can transform your chart analysis and trading strategy for the better.