Finance:TrendSpider

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TrendSpider is an American technology company known for providing technical analysis software[1][2] and a new type of financial chart known as the Raindrop Chart.[1][3][4] TrendSpider charts have been used by Nasdaq, Yahoo! Finance, TheStreet, Cheddar News, CNBC and many other financial media outlets in their news stories.[5][6][7] TrendSpider was founded by Ruslan Lagutin and Dan Ushman, who is best known for founding SingleHop (later acquired by Internap).[8][9][10]

Overview

TrendSpider provides technical analysis software for retail traders and investors focused on the US equity and foreign exchange markets, using artificial intelligence and machine algorithms to automate many of the routine manual tasks that investors do, such as identify key price levels, draw trendlines, and recognize candlestick patterns and formations.[1][11][12]

Users can adjust how aggressive the platform's automated analysis is, allowing users to identify both high-confidence and less likely structures on price charts in the market.[1][13] TrendSpider is also known for its automated alert system,[14] which is designed to abstract user defined criteria and specified parameters to monitor price charts remotely from a cloud system.[1][11][13][15]

TrendSpider's Raindrop Charts measure changes in market volume flow and price[3] instead of measuring price changes alone. Raindrop Charts use a combination of price development and volume-weighted average price (VWAP) data to visualize markets.[1][3][16] Unlike traditional candlestick charts, Raindrop Charts do not feature open and close prices.[4]

History

TrendSpider was founded by Dan Ushman[17][18] and Ruslan Lagutin in 2016.[1][19][8][9] Prior to founding TrendSpider, Ushman had co-founded the web hosting company SingleHop in 2006, which was acquired by Internap in 2018.[8][9][10][20]

TrendSpider introduced Raindrop Charts in 2019.[3][21][11]

In November 2020, TrendSpider collaborated with musician Gee Smiff and animation studio Koff Animation to create the song and music video "$RICH."[22] TrendSpider also has a weekly educational web series called the Stock Trading Pit Show.[23][24]

External links

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "TrendSpider Review 2021: The Best Technical Analysis Around?". May 15, 2021. https://www.modestmoney.com/trendspider-review. 
  2. ↑ "TrendSpider Review 2021: Pros, Cons & In-depth Testing". https://www.liberatedstocktrader.com/trendspider-review-automated-stock-trend-analysis/. 
  3. ↑ 3.0 3.1 3.2 3.3 Editorial Staff (June 7, 2019). "TrendSpider Announces New Raindrop Charts to Analyze Market Sentiment". https://www.tradersmagazine.com/departments/buyside/trendspider-announces-new-raindrop-charts-to-analyze-market-sentiment/. 
  4. ↑ 4.0 4.1 "Raindrop Charts – A human-friendly volume profile chart - CMT Association". https://cmtassociation.org/video/raindrop-charts-a-human-friendly-volume-profile-chart/. 
  5. ↑ InvestorPlace, Contributor Tim Biggam. "Alibaba Is a Finally a Buy After Prolonged Correction". https://www.nasdaq.com/articles/alibaba-is-a-finally-a-buy-after-prolonged-correction-2021-05-17. 
  6. ↑ "When Will It Be Safe to Buy Ethereum?". https://finance.yahoo.com/news/safe-buy-ethereum-143650892.html. 
  7. ↑ Kenwell, Bret. "Is It Finally Time to Buy Apple Stock?". https://www.thestreet.com/investing/how-to-trade-apple-stock-on-the-dip-march-2021. 
  8. ↑ 8.0 8.1 8.2 "Interview with TrendSpider Founder, Dan Ushman". May 4, 2020. https://www.tradingreviewers.com/trendspider-dan-ushman-interview/. 
  9. ↑ 9.0 9.1 9.2 "Dan Ushman - CMT Association". https://cmtassociation.org/presenter/dan-ushman/. 
  10. ↑ 10.0 10.1 https://web.archive.org/web/20170520184345/http://doeswhat.com/2011/08/13/interview-with-dan-ushman-singlehop/
  11. ↑ 11.0 11.1 11.2 "TrendSpider Review: Best Automated Technical Analysis Software?". March 26, 2020. https://www.tradingreviewers.com/trendspider-review/. 
  12. ↑ "How AI is Helping Investors Make Better Trading Decisions". June 8, 2021. https://www.newsanyway.com/2021/06/08/how-ai-is-helping-investors-make-better-trading-decisions/. 
  13. ↑ 13.0 13.1 "6 Best Stock Trading Software Options in 2021 • Benzinga". May 20, 2021. https://www.benzinga.com/money/best-stock-trading-software/. 
  14. ↑ "Advanced financial alerts generation based on automatic analysis of price charts". https://patents.google.com/patent/US20200273104A1/en. 
  15. ↑ "TrendSpider Review 2020". August 16, 2018. https://www.warriortrading.com/trendspider-review/. 
  16. ↑ "Trendspider Review 2021: Facts, Costs, and Coupon Code". https://daytradingz.com/trendspider-review/. 
  17. ↑ "Ernst & Young Entrepreneur Of The Year, 2013 Midwest Awards Winners". http://www.sbnonline.com/article/69450/. 
  18. ↑ "Dan Ushman Archives". http://www.sbnonline.com/tag/dan-ushman/. 
  19. ↑ "TrendSpider Bericht 2021: Was ist TrendSpider?". January 18, 2021. https://coin-hero.de/news/trendspider-bericht-2021-was-ist-trendspider/. 
  20. ↑ https://www.bizjournals.com/chicago/inno/stories/news/2018/02/28/singlehop-acquired-for-132m.html
  21. ↑ https://tmsearch.uspto.gov/bin/showfield?f=doc&state=4807:m5div2.3.1
  22. ↑ Animation, Koff (February 8, 2021). "TrendSpider - $RICH - Music Video". https://vimeo.com/509732573. 
  23. ↑ Akram, Sarfraz. "TrendSpider Review - The Trade Reviews 2021". https://thetrade-reviews.com/trendspider-review/. 
  24. ↑ "The Trading Pit with Peter Hegedus | Season 1 Finale". https://www.youtube.com/watch?v=JYTzVaaD6tg&list=PLJialFdc1V8cfRfbL_RhbXd4IPqoGSEdz. 




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