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10/27/2020 |

TrendSpider Software Update: Automated Anchored Volume By Price, New SpiderScans

We’re back with another update, this time bringing what we hope will be another crowd favorite addition to our automated trading tool suite. Introducing… the Automated Anchored Volume By Price indicator! Dive in below for a walkthrough of how this addition to the existing works, its use cases, and capabilities. In addition to Automated Anchored VBP we have also added two new SpiderScans for you to play with.

Automated Anchored VbP

After a successful launch of Automated Anchored VWAP, it made sense to bring this same functionality to another crowd favorite indicator “Volume By Price”.

Automated Anchored VbP now supports anchoring from:

  • Highest Volume Candle in candle range
  • Highest High in candle range
  • Lowest Low in candle range
  • Most Recent Blue Doji Raindrop(tm)
  • Recent Gap(s)
  • Day to date (Since open, today)
  • Week to date (Since open at start of week)
  • Month to date (Since the monthly open)
  • Quarter to date (Since the start of each quarter)
  • Year to date (Since January 1)


More Details:

With the Automated Anchoring addition, you can scan for conditions like VbP.POC>price broke through which will alert when price breaks through a support or resistance cluster signaling a breakout to the next volume shelf.


With this Vbp upgrade, you can hide the columns or make them transparent to only see the POC or VWAP lines.


Now your PoC/VWAP lines can have labels (you also can align them to the left/right). The same applies to the VBP annotation.


Add more than one VbP on your chart (which is useful if you want 2 different auto-anchoring points)


New Spider Scans

The Strat – FTFC Example #SpiderScan
This is an example of how to use TrendSpider to search for #TheStrat formations with manual configuration and full timeframe continuity as separate blocks of conditions. This will find symbols that have a 3-1-2U reversal pattern on the Daily chart, but also are moving up on the Monthly, Weekly, Daily and 60 minute timeframes.

Sequential Buy Count + McGinley Cross #SpiderScan
This example scanner searches for a combination of two conditions. The first is a Sequential Count (inspired by TD Sequential) that looks for either a buy countdown between 1 and 9 or a buy setup countdown of a 9, PLUS a cross of two McGinley Dynamic Moving Averages (the 5 and the 10) in the most recent 8 candles. This combination attempts to identify reversals after long drawdowns, and is effective on higher timeframes.


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