CHICAGO, Feb. 3, 2020 /PRNewswire/ — TrendSpider, a Chicago-based fintech targeted on constructing automated, all-in-one dynamic technical evaluation software program for lively merchants, immediately introduced the discharge of its ground-breaking Market Scanner expertise.
The Market Scanner is meant to assist lively merchants filter by way of the universe of symbols, or a particular watchlist, for securities that meet particular technical necessities. For instance, merchants can seek for any U.S. shares within the S&P 500 which have skilled a bullish engulfing on the 5 minute chart that additionally have a relative energy index (RSI) studying of lower than 50 on the every day timeframe. They will then use TrendSpider’s different capabilities to develop methods, analyze patterns, examine timeframes, establish help and resistance zones, and create alerts.
“One of the best buying and selling system on the earth is ineffective with out with the ability to discover the fitting securities on the proper occasions,” says TrendSpider CEO Dan Ushman. “There are lots of screening instruments on the market, however most of them are very fundamental, supporting solely the simplistic standards on a single timeframe, and very advanced, requiring superior information of programming to be able to outline standards. Worse, not one of the legacy options obtainable immediately are built-in straight into a strong charting, backtesting and alerting platform like TrendSpider. Our Market Scanner bridges the hole by offering a technique to discover alternatives that any dealer may put to work instantly.”
The TrendSpider Market Scanner affords numerous fascinating and distinctive distinctions in comparison with different scanning instruments:
- Over 30 predefined scans for the frequent methods, in addition to TrendSpider’s proprietary scans.
- Potential to scan a number of timeframes directly.
- Potential to outline advanced, logical and comparative circumstances in a visible interface with no programming expertise.
- Potential to transform a scan right into a watchlist for fast reference.
- Potential to have a number of scanners working at one time.
Mixed with its different automated capabilities, TrendSpider is the one platform that provides merchants all the things they should scale their evaluation to allow them to cowl extra floor, discover higher setups, and extra precisely time trades.
“We designed TrendSpider to be each easy-to-use for novice merchants and highly effective sufficient for skilled merchants,” added Ruslan Lagutin, CTO of TrendSpider. “The addition of the scanner makes the platform essentially the most complete choice available on the market for merchants seeking to automate their technical evaluation and free themselves from cognitive biases that contribute to money-losing trades. You possibly can simply filter alternatives and even see the outcomes of a number of scans on the identical time on the identical display screen.”
Along with scanning, the TrendSpider platform consists of a number of highly effective options that aren’t present in another buying and selling system:
- Automated trendline detection
- Automated Fibonacci measurements
- Candlestick sample recognition
- S/R heatmap visualization
- Breakout detection
- Worth hole detection
- A number of timeframe evaluation
- Backtesting capabilities
- And far more…
TrendSpider helps real-time information for a variety of securities, together with all U.S. equities and ETFs, over 6,500 cryptocurrency pairs, and over 900 foreign exchange pairs.
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TrendSpider is the world’s first absolutely automated, all-in-one dynamic chart technical evaluation software program for lively merchants, market technicians and analysts. After two years of improvement, TrendSpider launched its platform in March 2018 and has attracted over 4,000 lively merchants.
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SOURCE TrendSpider LLC