TrendSpider Software Update: Six New Indicators Added
At TrendSpider, we are constantly working on adding new, useful features to our platform as well as updating and improving the ones we currently have. In this blog post, we take a look at the addition of six new indicators. Enjoy these new features and improvements!
True Strength Index
The true strength index is a technical momentum oscillator. The indicator may be useful for determining overbought and oversold conditions, indicating potential trend direction changes via centerline or signal line crossovers, and warning of trend weakness through divergence.
The Alligator indicator uses three smoothed moving averages, set at five, eight and 13 periods, which are all Fibonacci numbers. The initial smoothed average is calculated with a simple moving average (SMA), adding additional smoothed averages that slow down indicator turns.
Arnaud Legoux Moving Average
The Arnaud Legoux’s version of moving average technical indicator was designed to address two common drawbacks with the traditional moving averages, responsiveness and smoothness. This indicator shows minimal lag, which makes it a leading indicator in the market.
Connors RSI is a technical analysis indicator created by Larry Connors that is a composite of three separate components. The three components; The RSI, UpDown Length, and Rate-of-Change, combine to form a momentum oscillator. Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions.
Price Percentage Oscillator
The Percentage Price Oscillator is a momentum oscillator that measures the difference between two moving averages as a percentage of the larger moving average. As with its cousin, MACD, the Percentage Price Oscillator is shown with a signal line, a histogram and a centerline.
The TTM Squeeze indicator attempts to identify periods of consolidation in a market. In general, the market is either in a period of quiet consolidation or vertical price discovery. By identifying these calm periods, one has a better opportunity of getting into trades with the potential for larger moves.