TrendSpider now allows traders to effortlessly share scans and strategies built around custom indicators. This exciting update enhances our existing AI-powered capabilities, making it simpler than ever to create, customize, and now share your innovative trading ideas.
Whether you’re a community leader who wants to easily distribute premium tools or an individual trader excited to share new setups, this update helps everyone collaborate effortlessly.
AI-Powered Strategy Building Gets an Upgrade
With TrendSpider’s AI coding assistant, creating custom indicators is as simple as typing a prompt—no coding required. These indicators can then be used as signals in scanners or backtestable strategies, helping you automate your trading logic in seconds.
Previously, traders could build powerful tools like these and use them in their individual accounts, but sharing them was not possible. Thanks to the latest update, you can now instantly share any strategy or scanner that uses a custom indicator.
Share Complete Trading Systems
- Now you can share your scanners and strategies that use custom indicators with a simple importable link.
- Great for community leaders and individual traders looking to share their custom-coded trading workflows.
How to Share Your Custom Strategies
Here’s how easy it is to share a strategy or scanner that uses a custom indicator:
- After saving a strategy or scanner, click “share” at the top right of the editor.
- Send the auto-generated link to your audience or peers.
- That’s it. They can now import your setup instantly.
Putting the Update to the Test With Weinstein Stage Analysis
To showcase this powerful new feature, we took our popular Weinstein Stage Analysis Indicator and created a set of ready-to-import scanners and a complete trading strategy that you can instantly add to your TrendSpider account.
The Weinstein Stage Analysis Indicator clearly identifies which market cycle stage a stock is in—Accumulation, Advancing, Distribution, or Declining—based on its relationship to the 30-week simple moving average, helping traders pinpoint optimal entry and exit points.
Weinstein Stage Analysis Scans
Based on this indicator, we also created scans to search for stocks in key Weinstein stages. Here are a couple and how they work:
- Stage 2 Breakout Scan: Quickly find stocks transitioning from Stage 1 accumulation into Stage 2 breakout, confirmed by high relative volume.
- Stage 4 Breakdown Watch Scan: Spot stocks beginning their decline from Stage 3 distribution into Stage 4 breakdown, with weakening price action just below the 30-week SMA.
Taking it Further: The Weinstein Stage Analysis Strategy
- To make the most of this new sharing capability, we also built a simple Weinstein strategy based on our Weinstein Stage Analysis Indicator.
- This strategy goes long when a stock confirms a Stage 2 breakout and exits the position once it detects a transition to Stage 3.
- You can backtest the strategy on any ticker by using the link below to import it to your TrendSpider workspace.
Your Trading Ideas, Now Instantly Shareable
With this latest update, you can now:
- Share scanners and strategies that use custom-built indicators
- Empower your trading group or community with ready-to-use tools
- Showcase your strategies with real examples, like our Weinstein Stage Analysis system
Whether you’re automating your workflow or collaborating with others, TrendSpider now gives you the freedom to create, share, and scale your trading ideas like never before.
Want more ready-to-use setups? Browse the TrendSpider Store for custom indicators, scanners, and strategies.
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