Reviewing Trendspider Benefits And Features

muhammadBy: muhammad

December 1, 2023December 1, 2023

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Whether novices or seasoned professionals, we all need tools that not only facilitate basic technical analysis but also enable us to delve deeper into the financial markets, refining our trading ideas into robust strategies, and that’s where Trendspider comes to mind.

TrendSpider stands out as a comprehensive platform, skillfully blending automated analysis tools with essential chart patterns. It offers the versatility to view and analyze multiple timeframes from various perspectives, making it a valuable asset for traders at all levels.

This review highlights the unique features of TrendSpider, such as automated alerts and detailed technical analysis, underscoring its position as a stock charting app.

Learn More About Trendspider

What is TrendSpider

Trendspider transcends the conventional boundaries of charting software, presenting itself as a versatile network of data, automated tools, and functionalities.

This platform is designed to cater to a broad spectrum of users, from novices just beginning to navigate the markets to fundamental researchers and seasoned traders, including those focused on active trading and technical analysis.

At the heart of the TrendSpider experience is its intuitive user interface, which packs an array of rich features.

From the basics like simple candlestick charts to the more innovative ‘raindrop charts’ – a proprietary offering of TrendSpider – the platform ensures that users have access to virtually any charting tool they might need.

It’s this integration of unique and diverse features that elevates TrendSpider above its peers, securing its position as one of the top-charting platforms available today.

But there’s more to TrendSpider than just charting. The platform’s web-based interface seamlessly connects with brokers through Signal Stack.

This integration is key for traders looking to translate their automated strategies into live orders, bridging the gap between analysis and action.

Who is TrendSpider For?

TrendSpider is a versatile trading tool designed to cater to traders of all levels, from beginners to seasoned experts.

Its comprehensive coverage of various markets, including equities, indexes, futures, and cryptocurrencies, makes it a suitable choice for a wide range of trading interests and strategies.

  • Novice Traders: With user-friendly tools and a wide array of data sets, beginners can comfortably navigate the complexities of different markets.
  • Experienced Traders: Seasoned professionals will find the advanced features and in-depth analysis capabilities of TrendSpider align well with their sophisticated trading strategies.

Features of TrendSpider

TrendSpider takes the fundamentals of charting software a step further, transforming it into an analysis platform that seamlessly bridges the gap from trade idea generation to execution.

Its adaptability, combined with a rich set of features, positions the stock scanner as a top-tier choice for traders seeking a robust, comprehensive, and user-friendly trading tool. Below are some of its outstanding features:

  • Ease of Use

The platform emphasizes an intuitive interface and a short learning curve, which is crucial for any charting software.

  • Diverse Viewpoints

TrendSpider excels in providing varied perspectives, not just through an array of technical indicators but also in how these are presented and utilized.

  • Classic and Advanced Tools

The platform includes all the essentials of technical analysis – support and resistance lines, multi-timeframe analysis, moving averages, and trendlines, with the flexibility of choosing between candlesticks or bar charts.

  • Dynamic Charting Area

Perhaps one of its most compelling features is that TrendSpider allows for dynamic, multi-timeframe analysis.

Users can view and overlay technical indicators from different time frames onto a single chart, offering a more nuanced and comprehensive view of market movements.

As an example, when analyzing the daily chart of a stock like Coca-Cola, TrendSpider enables the inclusion of a 20-period simple moving average for the daily timeframe, along with an overlay of the weekly average.

This dual view on a single chart provides traders with deeper insights, enhancing their ability to make informed decisions.

Trendspider Pricing

TrendSpider simplifies its offerings into three distinct pricing packages: Essential, Elite, and Elite Plus, each tailored to different levels of trading expertise and requirements.

1. Essential Package

  • Cost: $39.00 monthly or $384 annually.
  • Ideal For: Beginners or those new to the platform.
  • Features: Provides basic access to data, tools, and capabilities, including backtesting, advanced charting software, and real-time data alerts. Users can perform scans through daily timeframes with up to 25 results per scan.
  • Support: Access to chat and email support, with the option of 1-on-1 training sessions at $49 per session.

2. Elite Package

  • Cost: $79.00 monthly or $780 annually.
  • Suited For: More experienced stock traders.
  • Enhancements: Includes everything in the Essential package plus access to dark pools, retail trading analytics, insider trading info, analyst ratings, market seasonality, and more.

It also offers expanded alert capabilities, including multi-factor alerts, and allows up to six trading bots. The scanner used is extended to 1-minute backtesting and up to 100 results.

  • Support Upgrade: Priority support with phone access.
  • Special Offer: Optimus Futures, as an official brokerage partner of TrendSpider, provides free access to the Elite Package for their account holders.

3. Elite Plus Package

  • Cost: $179.00 monthly or $1,620 annually.
  • Targeted At: Advanced traders.
  • Premium Features: This package includes up to eight workspaces, 300 active alerts, 50 trading bots, unlimited market scanner results, and a 7,000-candle backtest depth. Additionally, all 1-on-1 sessions are free.

TrendSpider Support and Service

TrendSpider stands out in the realm of customer support and service, going beyond the conventional offerings of phone and email assistance.

The platform distinguishes itself by adding two unique features aimed at enhancing user experience and knowledge.

1. Personalized Training Sessions

  • TrendSpider elevates its customer support by offering personalized 1-on-1 training sessions. These sessions, depending on the user’s subscription plan, are either complimentary or available for a fee.
  • Each training session is tailored to the individual trader and lasts for 60 minutes. Alternatively, it can be split into two 30-minute segments for convenience.
  • This approach is particularly beneficial for users who prefer a more hands-on learning experience. Whether it’s getting a comprehensive introduction to the platform, delving into more complex functionalities, or exploring advanced features, these sessions cater to a wide range of needs and expertise levels.

2. Social Media Engagement and Community Interaction

  • In addition to direct support, TrendSpider encourages interaction through social media channels.
  • Users have the opportunity to join the conversation on platforms like Discord, where they can ask questions, share insights, and engage with both the TrendSpider team and other traders.
  • This community aspect not only fosters a sense of belonging but also provides a dynamic platform for continuous learning and the exchange of ideas among traders.

Wrapping Up

TrendSpider stands out as one of the backtesting software for traders at every level, expertly combining a user-friendly interface with an extensive range of features. From the basics of technical analysis to the advanced ‘raindrop charts,’ it serves both beginners and seasoned traders effectively.

The platform’s unique capability for dynamic, multi-timeframe analysis provides in-depth market insights, making it a standout choice. Additionally, TrendSpider is accessible to a diverse range of traders thanks to its three specially designed pricing packages.

The integration of personalized training and a vibrant social media presence further enriches the user experience, elevating TrendSpider beyond conventional charting software. Click here to sign up using our Trendspider coupon code.

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