Category: TrendSpider Strategies
Create A Trading Strategy With ChatGPT
For traders, one of the most interesting use cases for emerging new AI tools like ChatGPT is in helping with the creation and testing of trading strategies. In this blog, we’ll explain the steps we took to create a profitable trading strategy on TSLA using only six prompts from ChatGPT.
ICT Basics: A Beginners Guide
One of the most popular trading philosophies out there today is the ICT methodology. Short for Inner Circle Trader, and utilized by many in The Strat community, this style of trading is purely based on price action and incorporates little to no use of trend following or momentum indicators. In this article, we’ll go over […]
How to Trade the MACD Indicator
One key component of the markets that all participants should understand is the idea of momentum. Momentum is simply defined as the speed at which the price of a security increases or decreases. There are many tools a trader can use to gauge momentum, but few are more popular than the MACD indicator. In this […]
How to Trade the RSI (Relative Strength Index) Indicator
Do you have a favorite momentum oscillator? A very tough question indeed, but there is one that has been the popular choice of most day and swing traders since it was first developed by J. Welles Wilder Jr in 1978; which is the Relative Strength Indicator (RSI). The Relative Strength Indicator is one of the […]
Pinpoint Trend Reversals with the Vortex Indicator
Traders have been searching for reliable trend reversal indicators for as long as technical analysis has been around. While the directional movement index (DMI) predicts trend direction or significant price moves, the vortex indicator incorporates the concept of flow and vortex motions in the market to yield a more accurate prediction.
How to Level Up Your Trading with VWAP
Of the thousands of indicators out there, few are more popular or widely used than the Volume-Weighted Average Price, or VWAP. The simple reason for this is that volume is the factor that drives momentum which, in turn, pushes prices higher or lower. While many indicators utilize a volume component; Volume, On-Balance Volume (OBV), and […]
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Use Raindrops to Supercharge Your Favorite Indicators Through Native Volume-Weighting
Raindrop Charts are a new type of financial chart that leverages volume data to render visualizations that demonstrate not just where price moved, but how volume was distributed along with this move. In order to facilitate this type of chart, arbitrary breakpoints such as open and close prices must be eliminated in favor of volume-weighted […]
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Adding Alert Sensitivity to Price Channels
In this week’s Strategy Guide blog post, we revisit the brand new “Alert Sensitivity” feature that was introduced last week. Users now have the ability to trade price channels without having to stare at the screen and worry about missing the top or bottom by a few cents. This feature allows the ability to increase […]
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Customizing Your Trendline Settings
In this week’s strategy guide blog post, we tackle head-on one of the biggest misconceptions about the TrendSpider platform, which is that the system only shows trendlines that the system is programmed to find. In reality, TrendSpider is a customizable tool and the settings on the system can be completely customizable and configured to look […]
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Trading the SMA vs. the EMA
When most traders think of moving average confirmation strategies, they may immediately think of the generic and most widely used ones such as the 50-day Simple Moving Average vs. the 200-day Simple Moving Average. However, even though these can be very useful, especially as many traders become educated and are looking at the same thing […]
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Video Analysis of the RSI and Williams %R
As TrendSpider has just introduced lower indicators, we think the use of these tools can be very resourceful if used correctly. Last week, we touched on how to add these indicators to the chart as well as what to look for between price action and the lower indicators. This week, we are going to take a […]
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Utilizing Lower Indicators and MTFA on Lower Indicators
TrendSpider is happy to announce the availability of lower indicators and will be adding more as time progresses. We believe the addition of these resources will greatly help traders utilize the ability to backtest price vs. indicator action. In this strategy guide blog post, we will show traders how to utilize these correctly on the […]
