TrendSpider

TrendSpider is an American technology company known for providing technical analysis software[1] and a new type of financial chart known as the Raindrop Chart, which allows users to observe the flow of volume and price together in a singular visualization.[2][3][4] TrendSpider's charts have been used by Nasdaq, TheStreet, Cheddar News, CNBC and many other financial media outlets in their news stories.[5][6]

TrendSpider
TypePrivate
IndustryFinancial technology
Founded2016
FounderRuslan Lagutin, Dan Ushman
ProductsAutomated technical analysis, Raindrop Charts
Websitehttps://trendspider.com/

TrendSpider was founded by Ruslan Lagutin and Dan Ushman,[1] who is best known for founding SingleHop (later acquired by Internap).[7][8][9]

Overview

TrendSpider provides technical analysis software for retail traders and investors focused on the US equity and foreign exchange markets, using artificial intelligence and machine algorithms to automate many of the routine manual tasks that investors do, such as identify key price levels, draw trendlines, and recognize candlestick patterns and formations.[10][11]

Users can adjust how aggressive the platform's automated analysis is, allowing users to identify both high-confidence and less likely structures on price charts. TrendSpider is also known for its automated alert system,[12] which is designed to abstract user defined criteria and specified parameters to monitor price charts remotely from a cloud system.[10][13]

TrendSpider's Raindrop Charts measure changes in market volume flow and price[2] instead of measuring price changes alone. Raindrop Charts use a combination of price development and volume-weighted average price (VWAP) data to visualize markets.[2][14] Unlike traditional candlestick charts, Raindrop Charts do not feature open and close prices.[3]

History

TrendSpider was founded by Dan Ushman[15][16] and Ruslan Lagutin in 2016.[17][7][8] Prior to founding TrendSpider, Ushman had co-founded the web hosting company SingleHop in 2006, which was acquired by Internap in 2018.[7][8][9]

TrendSpider introduced Raindrop Charts in 2019.[2][10]

TrendSpider also has a weekly educational web series called the Stock Trading Pit Show.[18]

Raindrop Charts

TrendSpider has developed a new type of financial chart known as the Raindrop Charts,[2] which has been used in the financial industry, including by media outlets such as Nasdaq,[5] Yahoo! Finance, and TheStreet.[6] Raindrop charts incorporate volume analysis directly into the price bars by way of histogram and volume-weighted average price (VWAP) calculations.[14][19][20] This allows the charts to illustrate  the direction of price movement, the length of time it took for a price to reach a specific value, and the flow of volume during price movement.[2][19][21] This data allows users to visually identify areas of market confusion as well as the strength of directional breakouts and trends.[22]

References
  1. "TrendSpider Review 2021: Pros, Cons & In-depth Testing". liberatedstocktrader.com. Retrieved 2021-11-12.{{cite web}}: CS1 maint: url-status (link)
  2. Editorial Staff (June 7, 2019). "TrendSpider Announces New Raindrop Charts to Analyze Market Sentiment".
  3. "Raindrop Charts – A human-friendly volume profile chart". CMT Association.{{cite web}}: CS1 maint: url-status (link)
  4. Scott-Briggs, Angela (2021-05-01). "It's Time to Make Informed Trades - A Genuine TrendSpider Review". TechBullion. Retrieved 2021-11-13.{{cite web}}: CS1 maint: url-status (link)
  5. Biggam, Tim (2021-05-17). "Alibaba Is a Finally a Buy After Prolonged Correction". nasdaq.com.{{cite web}}: CS1 maint: url-status (link)
  6. Kenwell, Bret (2021-03-10). "Is It Finally Time to Buy Apple Stock?". TheStreet.{{cite web}}: CS1 maint: url-status (link)
  7. "Interview with TrendSpider Founder, Dan Ushman". tradingreviewers.com. May 4, 2020.{{cite web}}: CS1 maint: url-status (link)
  8. "Dan Ushman". CMT Association.{{cite web}}: CS1 maint: url-status (link)
  9. "Chris Cardell Interviews with founders and CEOs". Chris Cardell. 2017-05-20. Archived from the original on 2017-05-20. Retrieved 2021-11-09.
  10. "TrendSpider Review: Best Automated Technical Analysis Software?". tradingreviewers.com. March 26, 2020.{{cite web}}: CS1 maint: url-status (link)
  11. "How AI is Helping Investors Make Better Trading Decisions". newsanyway.com. June 8, 2021.{{cite web}}: CS1 maint: url-status (link)
  12. "Advanced financial alerts generation based on automatic analysis of price charts". Google Patents. Retrieved 2021-11-12.{{cite web}}: CS1 maint: url-status (link)
  13. "TrendSpider Review 2020". warriortrading.com. August 16, 2018.{{cite web}}: CS1 maint: url-status (link)
  14. "Trendspider Review 2021: Facts, Costs, and Coupon Code". DAYTRADINGz.com.
  15. "Ernst & Young Entrepreneur Of The Year, 2013 Midwest Awards Winners". Smart Business Magazine. 2013-07-01.{{cite web}}: CS1 maint: url-status (link)
  16. "Dan Ushman - EY Entrepreneur Of The Year® 2015 Midwest". Smart Business Magazine. Retrieved 2021-11-12.{{cite web}}: CS1 maint: url-status (link)
  17. "TrendSpider Bericht 2021: Was ist TrendSpider?". Coin Hero. January 18, 2021.
  18. Akram, Sarfraz. "TrendSpider Review - The Trade Reviews 2021". Retrieved 2021-11-13.
  19. "8 TrendSpider Tips and Tricks for Traders". COLIBRI TRADER. 2020-06-25. Retrieved 2021-11-13.{{cite web}}: CS1 maint: url-status (link)
  20. "Three Explosive Anchored VWAP Strategies + Explanation Video". - Tradingsim. 2021-09-03. Retrieved 2021-11-13.
  21. "TrendSpider Review". Stock Trading Teacher. 2020-06-25. Retrieved 2021-11-13.
  22. "TrendSpider In-Depth Review - Is It The Right Trading Tool For You?". PatternsWizard. 2021-09-22. Retrieved 2021-11-13.
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