TrendSpider is an innovative stock charting, analysis, and trading software that utilizes advanced algorithms and machine learning to automate technical analysis for traders. With powerful tools for charting, backtesting, scanning, and more, TrendSpider aims to enhance efficiency and accuracy for investors of all levels.
But is TrendSpider worth the investment and hype? In this comprehensive guide, we analyze hands-on TrendSpider reviews from real-world users and experts to see if this platform delivers on its promises.
What is TrendSpider? A Quick Intro
TrendSpider markets itself as "the future of trading software" - an all-in-one toolkit meant to automate traditionally manual workflows. Key features include:
In addition, TrendSpider provides advanced drawing tools, customs workspaces, simulated paper trading, data back to the 1990s, and more. It aims to be an "all-in-one" solution for streamlining analysis.
But does it live up to expectations based on reviews from real-world traders? Let's dig in...
TrendSpider Reviews from Users & Experts
Here is an overview of TrendSpider reviews from verified users and industry experts:
Positive TrendSpider Reviews & Ratings
Negative TrendSpider Reviews & Complaints
Key Takeaways from TrendSpider Reviews
On the whole, TrendSpider feedback skews very positive, earning it a reputable 4.5 out of 5 average user rating across review platforms. Both beginners and advanced traders widely praise its automated analysis capabilities - which set it apart from competitors like Thinkorswim or TradingView. Any learning curve or minor software bugs seem to be outweighed for most by game-changing productivity benefits.
Still not convinced if TrendSpider is right for your needs? Below we cover key features, pricing, and alternatives based on the most comprehensive hands-on reviews...
TrendSpider Review: Features & Tools Analysis
TrendSpider packs an immense suite of technical analysis features spanning charting, scanning, backtesting, and more. Based on detailed customer reviews, here are the platform's biggest benefits:
Automated Technical Analysis & Charting
At TrendSpider's core is automated technical analysis - including trend lines, candlestick patterns, indicators, Fibonacci retracements, and more. The software's algorithms instantly identify and plot these elements to remove tedious manual drawing. Traders praise the accuracy and customizability.
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You also get 450+ drawing tools and 150+ indictors to enrich chart analysis. Custom workspaces, multiple monitor support, and simulated trading boost productivity.
Robust Market Scanning & Watchlists
The TrendSpider Scanner allows backtesting filtering criteria across 10,000+ ticker symbols to find your best trade setups. You can scan based on indicators, candlestick patterns, trends, news events, and more. Scanning across multiple time frames is popular for fine tuning signals.
You can then save any scan as a dynamic watchlist which updates in real-time when matches occur. This automates opportunity discovery.
Powerful Strategy Backtesting
TrendSpider enables traders to test the historical profitability of custom strategies before risking real money. Just define your entry/exit rules and criteria, then analyze performance across any historical time period and symbol universe.
Users praise how easy backtesting allows optimizing profitable strategies. You can tweak any criteria and re-test to measure impact - all without coding.
And those are just a few of the countless bells and whistles packed into this continually expanding platform! Next let's examine pricing...
TrendSpider Pricing & Plans Breakdown
TrendSpider offers access via monthly or discounted annual subscription plans:
Monthly Plans
Annual Plans
All subscriptions provide full access to the same feature-packed software. More expensive tiers include benefits like unlimited alerts, more workspace/indicator customization abilities, priority support, and custom API access.
The company also frequently offers limited-time $$ discount coupons ranging from 10-25% off. For latest promotions see their pricing page.
Compared to competitors, TrendSpider is competitively priced - and low barrier $27 monthly starter access helps attract new trader signups.
TrendSpider Alternatives & Competitors
While TrendSpider leads for pure automated technical analysis, it does lack some functionality found in other trading platforms:
Broker & Fundamentals Integration - For direct connected trading and fundamentals data, leading alternatives like Thinkorswim and Tradestation may be preferable.
Social Community Features - Platforms like Erade Supply/Demand Zones or Trade Ideas offer vibrant trader chat rooms missing from TrendSpider.
Still, for core advanced charting and scanning tools, TrendSpider earns stellar ratings outperforming most competitors. See how it compares to the leading industry alternative TradingView.
And if still not sure TrendSpider fits your needs, they offer a 7-day free trial to experience firsthand.
TrendSpider Review Guide - Final Thoughts
In closing, TrendSpider delivers an impressively robust and innovative technical analysis solution catered to active traders. Its greatest strengths based on user reviews include:
Negative feedback is very limited and mostly cites temporary growing pains around bug fixes or interface complexity.
So if seeking powerful automation to step up your charting, scanning, and backtesting, TrendSpider is absolutely worth consideration. The steadily growing user base and near perfect review ratings signal this newcomer is poised for continued mainstream adoption.
Frequently Asked Questions (FAQs)
Here are answers to 10 key frequently asked questions about TrendSpider based on the most common research queries:
Q: Is TrendSpider any good?
Yes, with nearly 5/5 average user ratings across review sites, TrendSpider delivers excellent technical analysis automation for active traders. Both beginners and advanced investors widely praise the platform.
Q: Is TrendSpider better than TradingView?
For manual charting flexibility TradingView may edge out TrendSpider, but for automation and scanning tools TrendSpider rates significantly higher by most accounts. It outperforms for backtesting too.
Q: What does TrendSpider cost?
Plans start at $27/month for full platform access, up to $87/month for more alerts and priority support. Yearly subscriptions provide over 15% savings.
Q: What exactly does TrendSpider do?
TrendSpider utilizes AI algorithms to instantly conduct technical analysis tasks like plotting trendlines/indicators, identifying chart patterns, discovering opportunities, and evaluating strategy performance.
Q: Is TrendSpider a scam or legit software?
TrendSpider is 100% legitimate software backed an SEC registered firm with strong endorsem*nts from reputable trading blogs/review sites.
Q: Does TrendSpider offer a free trial?
Yes, TrendSpider provides a 7-day free trial to experience the full software capabilities without payment. Signing up takes seconds.
Q: Can you actually trade stocks on TrendSpider?
While you cannot directly buy/sell through TrendSpider itself, the platform is optimized for efficiently analyzing and discovering trading opportunities. An integrated brokerage account is required to ultimately place trades.
Q: Is TrendSpider worth the money?
For traders seeking world-class technical analysis automation, TrendSpider delivers tremendous value. The tool more than pays for itself in time savings identifying profitable trades. Most reviews agree pricing is fair.
Q: What technical indicators does TrendSpider use most?
As a technical analysis tool, TrendSpider utilizes the full range of leading indicators from Bollinger Bands to MACD to RSI to Stochastics and more. Users get 150+ to mix and match across automated chart overlays.
