TrendSpider

What TrendSpider is

TrendSpider automates chart work. It identifies trendlines, candlestick patterns, Fibonacci structures and support or resistance levels automatically, and provides a strategy tester so traders can backtest ideas without writing code.

What you can do with it

• Scan markets for technical patterns
• Backtest and pretest strategies
• Automate trendline drawing
• Screen candidates before a session
• Reduce repetitive chart analysis

Who it is for

• Active traders
• Technical analysis enthusiasts
• People building rule-based strategies

What to watch out for

• Automated pattern detection is descriptive: identifying a pattern says nothing about what happens next
• Backtested results suffer from overfitting, survivorship bias and assumptions about slippage and fees
• Trading with leverage or options can lose more than the amount invested
• Nothing here is investment advice, and technical signals should not be traded in isolation