- Automated trend identification and placement
- Automatic identification of candlestick patterns
- Heat map that identifies supply and demand zones
- Multi-time frame analysis
- Detailed charts with multiple indicators
- It is a paid platform
- It may take some time to get used to all the advanced features
Are you a forex trader looking for an advanced technical analysis platform to enhance your trading skills? Look no further than TrendSpider! TrendSpider is a relatively new, highly automated tool that is becoming one of the most powerful platforms in the trading world.
What sets TrendSpider apart from other platforms is its advanced, automated features. It can automatically identify and put trend lines on your chart based on statistical analysis. It can identify candlestick patterns, such as engulfings, haramis, inside breaks, reversals, crows, and continuations. Additionally, it has a heat map that identifies supply and demand zones and highlights the areas with the highest volume for resistance and support.
TrendSpider also offers a multi-time frame analysis feature, allowing you to analyze two time frames of the same stock simultaneously. It overlaps trend lines, horizontal and vertical, as well as diagonal resistance and support on both time frames, giving you a comprehensive picture of the market trends.