Raindrops are a very unique feature on the TrendSpider platform that allows users to visualize volume flow throughout a time period. This is very useful to see where supply and demand areas are throughout the day and how that has reacted with price action. In the video below, I will go over 3 quick case studies looking at some of the most useful Raindrop formations we have found so far.
CMT Association Presentation by Founders Dan and Jake
Read the Raindrop whitepaper here
Enjoyed this blog? Make sure to click on the links below to follow us on social media for intra-week chart updates:
REMEMBER: These are charts that have interesting technical setups based on automated technical indicator analysis included. Charts and analysis provided for educational reasons only. TRENDSPIDER IS A CHART ANALYSIS PLATFORM. IT IS NOT INTENDED TO BE TRADING OR INVESTING ADVICE. ALWAYS DO YOUR OWN DUE DILIGENCE USING MULTIPLE SOURCES OF INFORMATION AND/OR SEEK THE ADVICE OF A LICENSED PROFESSIONAL BEFORE TRADING OR INVESTING. Please read our full risk disclaimer on our website by clicking here.