TrendSpider Review: AI Automated Stock Charting Tested

Trendspider uses AI to do the hard work of plotting trendlines, recognizing patterns, and analyzing stocks for you. Perfect for beginner traders and experienced market analysts, TrendSpider offers a service unlike any other.

I have been using TrendSpider for three years to automate my stock chart technical analysis and for its excellent Candlestick pattern recognition. In this review, I share the results of my testing.

TrendSpider Review Summary

This TrendSpider review finds it is great for traders wanting AI automated charting of stocks, Fx, and cryptocurrencies. TrendSpider automatically identifies trendlines, Fibonacci, and Candlestick patterns. Excellent backtesting and multi-time-frame analysis make TrendSpider a great choice for technical traders.

TrendSpider saves you time performing technical analysis as it automates trendline and pattern recognition and analyzes multiple indicators & timeframes on the same stock chart. There is no live trading, news, or fundamental screening. But for automated intelligent chart analysis, it’s the best.

TrendSpider Review Ratings

TrendSpider Rating4.6/5.0
💸 Pricing & Software★★★★★
📡 Scanning★★★★✩
💡 Pattern Recognition★★★★★
📈 Charting★★★★★
🔍 Backtesting★★★★✩
🖱 Usability★★★★✩

Trendspider is doing something different and innovative to separate itself from the crowded stock chart analysis software market.  It solves the problem of too much time spent doing analysis, drawing trendlines, tweaking indicators, and analyzing timeframes.

I am a huge fan and believe it has a bright future ahead.  We start with an overview of some of the exciting features.

TrendSpider Review: Key Features

⚡ FeaturesCharts, Watchlists, Screening
🏆 Unique FeaturesAI Automated Trendlines, Fibonacci, Candlestick Pattern Recognition
🎯 Best forStock, Fx & Crypto Traders
♲ SubscriptionMonthly, Yearly
💰 Price$44-$131/mo
💻 OSWeb Browser
🎮 TrialFree 7-Day
✂ Discount-40% Use Coupon Code “LIB40”
🌎 RegionUSA
We independently research and recommend the best products. We also work with partners to negotiate discounts for you and may earn a small fee through our links.
TrendSpider Review: Most Innovative Stock Analysis Automation Award

9 Reasons TrendSpider Rules

  1. Automated Trend Line Detection
  2. Automatic Multi-Time-Frame Analysis
  3. Simple & Powerful Backtesting
  4. Real-time Exchange Data Included in Price
  5. Automatic Fibonacci Trend Detection
  6. Stocks, ETFs, Forex, Crypto, Indices & Futures
  7. Auto Candlestick Recognition
  8. AI Integrated Pattern Recognition
  9. Excellent Charts & Indicator Selection

TrendSpider Cons

  1. No Automated Robotic Trading
  2. No Social Community

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What is TrendSpider?

TrendSpider is an innovative software company founded by Dan Ushman in 2016 to create a service that automates the technical analysis of stock charts. Unlike anything I have seen before, TrendSpider employs artificial intelligence to detect trends not seen by humans.

TrendSpider App

Trendspider’s HTML5 application works on any connected device and requires zero installation and no data download configuration. With a single click, TrendSpider is running, and considering the complexity of automated analysis, the application runs swiftly, taking only seconds to complete an entire analysis.

TrendSpider Pricing

TrendSpider pricing starts at $44/mo for the Premium plan, Elite costs $87/mo, and Advanced costs $131/mo. Opting for a yearly subscription will reduce those costs by 16%, representing a significant saving.

TrendSpider PricingPremiumEliteAdvanced
Yearly Subscription Discount17%17%17%

TrendSpider’s Advanced plan has the full spectrum of multi-time-frame analysis and trendline pattern recognition for stocks, ETFs, currencies, and OTC markets. Real-time data and 25 alerts are also included in this plan.

The Elite plan is the best balance of cost and benefit. It has everything the Advanced plan has and includes indices and Futures data.  Even more importantly, you get 100 dynamic alerts and unlimited backtesting which are vital features for traders.

The Advanced plan is the same as the Elite plan but targets traders who require more alerts, workspaces, and results per scan.

The pricing is very competitive because you get real-time data included in all plans.

TrendSpider Coupon Code Discount

Trendspider discount coupon code “LIB40” is verified and valid for 2022, granting a 40% discount. Use coupon code “Lib40” at checkout.

Using this coupon on a TrendSpider annual subscription could save you up to $524.

TrendSpider Charts

TrendSpider’s automated chart trendline detection and plotting do a better job than a human can; using algorithms, the system can detect thousands of trendlines and flag the most important ones with the highest backtested probability of success.

The multi-timeframe analysis means being able to view multiple timeframe charts on a single chart with the trendlines plotted automatically.  Another great feature is the advanced plotting of support and resistance lines into a subtlely integrated chart heatmap.

Finally, Raindrop charts are a unique and intuitive way to visualize volume profile or volume at price action.

Packed full of innovative technical analysis tools, TrendSpider is for serious market analysts because it helps you find trading opportunities quicker.

Automated Trendline Detection

TrendSpider’s automated trendline detection saves a lot of time for traders, speeds up morning trade review preparation, and improves accuracy. TrendSpider’s algorithm correlates all the bars on a chart and draws the trend lines automatically, ready for your review.

As a technical analyst, this is how you are supposed to do it; the more times a price touches the trend line and reverses, the stronger the trend. Therefore, it is more predictive if a price breaks through strong support and resistance areas.

If you dislike a trend the AI has used, you can manually delete it or fine-tune it.  With this capability, you can complete a trendline analysis on any chart in a few seconds.

Using the drop-down selector “S/R Trends” enables a kind of heat map, which shows the hundreds of potential trendlines, and the darker red the area, the more touches and concentration of trendlines there are.  See the chart below for reference.

Automated Support and Resistance Lines with TrendSpider
Automated Support and Resistance Lines with TrendSpider

Multi-Timeframe Chart Analysis

Here is where it gets even more interesting, the Multi-Timeframe Analysis can be used to super-impose trendlines or indicators from different timeframes onto a single chart.  It may seem a little complex initially, but it makes sense when you get used to it.  Instead of continually switching timeframes and redrawing trendlines, it is simply there.

The multi-timeframe analysis is not just for trendlines; it works with 42 stock chart indicators to ensure you do not miss anything.  Dan Ushman, the company founder, uses it in his trading, especially with indicators like Bollinger Bands and trendlines that help expose things other traders miss when they are focused on one timeframe or indicator at a time.

I also like the price indicator analysis; you can let the application plot, name, and highlight your Japanese Candlestick patterns of choice.  Want to find Evening Doji Stars, Hammers, or Engulfing Patterns?  Just turn on the pattern recognition; it is that easy.

How Does Automatic Trendline Detection work in TrendSpider?

Multi-Timeframe Analysis and Auto Trendlines

To show the power of the software, I set up two charts.  The top pane shows the 60 minutes versus the daily chart, and the bottom pane shows the daily versus the weekly chart for Netflix (Ticker: NFLX).  The first thing that grabbed my attention is that you can immediately see that the shorter-term trend for Netflix is an ascending triangle.  This is a continuation pattern, so we expect the price to break out of the triangle upwards.  Trendspider nailed the trendlines perfectly on this.

Automated Trendlines with TrendSpider
Automated Trendlines with TrendSpider

While reviewing the lower pane, you can see the trend for the last year, and Netflix is still in a solid uptrend on both the daily and weekly timeframes, four timeframes compared in seconds.

Automatic Candlestick Pattern Recognition

As I mentioned, Trendspider is designed to do the hard work for you; if you want to use candlesticks correctly, you need to know a few things.

  1. Learn hundreds of single and multiple candlestick formations.
  2. Understand if they are bullish or bearish.
  3. Learn for how many bars they are valid.

Learning this can take years, or you can use Automatic Candlestick recognition.

TrendSpider Japanese Candlestick Auto-Pattern Recognition
TrendSpider Japanese Candlestick Auto-Pattern Recognition

Here I have selected a Candlestick chart, then:

  1. Clicked Patterns
  2. Search for Hammer, select Hammer and Inverted Hammer
  3. Search for Doji and select Doji, Doji Star, and Evening Doji Star

These are enough to start with and are very powerful Candlestick reversal signs.  On the chart, you can see the annotated Candlestick Pattern DJ for Doji, etc. Now you do not need to spend months learning every pattern or spend hours on a chart trying to locate the patterns; it is all seamlessly done for you.

Dynamic Price Alerts

Dynamic price alerts on indicators and trendlines free you from staring at charts waiting for them to set up and help you avoid emotional traps like trading out of boredom rather than choosing the exact time to trade.  The alarms can be configured on indicator or trendline breakthroughs, bounces, or touches on any timeframe.

Trendspider Backtesting

TrendSpider has a unique approach to backtesting because the platform is built from the ground up to automatically detect trendlines and Fibonacci patterns. Therefore TrendSpider already has backtesting built into the heart of the code.

The highest probability trendlines are automatically flagged, and you can adjust the algorithm’s sensitivity to show more or fewer lines.

They have also implemented a strategy tester that allows you to type what you want to test freely, and it will do the coding for you.  It is a smooth and simple implementation that had me develop a strategy in minutes.

TrendSpider BackTesting Entry & Exit Point Chart
TrendSpider Backtesting Entry & Exit Point Chart

Integrated backtesting of automated trendlines, showing win-rate, profitability, and drawdown is a new addition and warmly welcome; the team has propelled TrendSpider into one of the leading technical analysis packages in the industry. They have also implemented a strategy tester that allows you to type what you want to test freely, and it will do the coding for you.

TrendSpider Price Behavior Explorer System Backtesting
TrendSpider Price Behavior Explorer System Backtesting

One of the elements I like is the ability to adjust your backtest conditions on the fly, and the “Price Behaviour Explorer” and “System Performance Chart” automatically update.   You can jump into coding if you want to, but the key here is that you do not have to.

TrendSpider Backtesting Video

Ichimoku Cloud Analysis

The latest TrendSpider innovation is the multi-timeframe Ichimoku Cloud indicator.  As a certified technical analyst, I have studied, and like Ichimoku, so I was interested in testing how effective and profitable it is when backtested.

In the chart below, you can see Ichimoku in action. I have plotted it on a weekly chart, but I am also using the multi-time-frame analysis to overlay the monthly data simultaneously.

TrendSpider Ichimoku Backtesting Chart & Performance
TrendSpider Ichimoku Backtesting Chart & Performance

This backtest on NVIDIA (Ticker: NVDA) ran in under 1 second for five years of data ranging back to January 2014.  The timing was good as the system entry point came in January 2015 and exited as the significant market correction was underway in November 2018.  This secured a 756% win over the 4.5 years.

I also like how you can instantly see the system’s performance versus a Buy & Hold strategy.  In this instance, simply holding the stock over the entire period would have yielded 1,188%.   So, in the blink of an eye, you can see that Ichimoku on a weekly chart would not have been the best system to use for this stock.

This is the beauty of backtesting: you can test multiple technical indicators on multiple timeframes and see which works best.

Here is how I implemented the TrendSpider Ichimoku backtest.

  1. Select Strategy Tester
  2. Entry Condition: Weekly Price Close Greater than Weekly Ichimoku Senkou B
  3. Exit Condition: Weekly Price Close Less than Weekly Ichimoku Senkou B
TrendSpider Ichimoku Backtest Parameters
TrendSpider Ichimoku Backtest Parameters

With TrendSpider backtesting is a breeze.

TrendSpider Market Scanner

Another innovation from the TrendSpider team is the “Market Scanner.” This enables you not only to scan a specific stock but the entire market for stocks matching your technical criteria; combining AI trend detection and analysis with the ability to scan the whole stock market is powerful.

Open A TrendSpider Account Now & 40% Off

TrendSpider Ease Of Use

TrendSpider’s innovations mean you will need a little time to understand what the software tells you.  For example, seeing hourly, daily, and weekly trend lines plotted on the same chart might be confusing initially. However, after applying a little effort, you might find you cannot live without them—still an excellent score on usability.

I have tested the customer support and confirm it is excellent, and you have a human to chat with whenever you like.

TrendSpider Alternatives

What are good alternatives to TrendSpider? If you trade outside the US markets and want a community, then TradingView is a better choice. For real-time news, MetaStock is a good choice. For fully AI-driven trading signals, Trade Ideas is the best. But for automated stock chart analysis, TrendSpider rules.

TrendSpider vs. the CompeitionTrendSpiderTradingViewMetaStock
Free PlanXX
Broker IntegrationXX
Fundamental ScreeningX
Trading CommunityXX
Automated TrendlinesXX
Multi-timeframe AnalysisXX
Candlestick Recognition
Market Scanning
Chart Indicators60+160+300+
News FeedX
Real-Time NewsXX

Trendspider Summary

We have focused on what is unique about Trendspider; it is designed for a specific purpose, taking the guesswork and painstaking hours of analysis away from traders.  But what do you not get?  You do not get fundamental scanning & filtering, trading from charts, or broker integration.  There is no social aspect at the moment and no news service.  But it is not designed for these things; it is designed for fast, effective machine-driven technical analysis.

I have tested the customer support and confirm it is excellent, and you have a human to chat with whenever you like.

I see a bright future for TrendSpider. For example, I expect to soon see how well any given indicator or price pattern works overall or for any given stock.  Studying the probability of a successful prediction would be a fantastic leap forward.

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Are You Looking For Stock Investing & Trading Software? Here Are My Favorites.

My favorite software for trading is TradingView because it does everything well. It has backtesting, great charts, stock screening, and an active community of over 3 million people sharing ideas, plus a free plan available globally.

My favorite software for investing is Stock Rover, as it specializes in deep fundamental financial screening, research, and portfolio management. It is the ideal platform for dividend, value, and growth investing.

My favorite software for stock market news is Benzinga Pro, with its super-fast real-time news engine, squawk box, and news impact ratings.

My favorite AI trading software is TrendSpider which enables automatic pattern recognition for Trendlines, Candlesticks, and Fibonacci levels. Trade Ideas uses AI to generate high probability daily trading signals for auto-trading.

My favorite stock-picking service is Motley Fool Stock Advisor, which has a proven track record of beating the market with excellent stock research reports.

Read the Full Top 10 Stock Market Software Testing & Review

Full TrendSpider Features Data Sheet

VendorTrendSpider Logo
Pricing & Software
$ Monthly End of Day DataN/A
$ Monthly Real Time Data$24.75 -$37.25
Software Only FeeN/A
Customizable Data Feeds
Customer Service & EducationExcellent
Tablets Smartpones
Market Data CoverageU.S.A.
Data SpeedExcellent
Mutual Funds
Trade Management
Broker Integration Stocks
Broker Integration Options
Place Trades from Charts
Live Position P&L
P&L Analysis
Fundamental Scanning & Screening
Real Time Scanning & Filtering
Fundamentals Scanning
Watch Lists with Fundamentals
Extended Economics Fundamentals (New)
Fundamental Screening Score
Technical Analysis Charts
Multiple Charts Per Desktop
Bar Line HLC Candlestick
Point & Figure
Bollinger Bands
Directional Movement
Ichimoku Cloud
Money Flow
Moving Averages
Parabolic SAR
Rate of Change
Relative Strength / RSI
Custom Indicator DevelopmentComing soon
Total Number of Indicators42
Drawing Tools
Fibonacci Retracement
Fibonacci Time
Fibonacci Fan
Trend Lines
Text OverlayComing soon
PitchforkComing soon
Automated Alerts
Technical Analysis Score10
News Feed
Real-Time News Feed
Economics & Deal News
Market CommentaryVia Blog
Community Chat
Systems & Backtesting
System Marketplace
Create Customizable Systems
Back Testing Point & Click
Back Testing Programmatic
Forecasting (new)Via Automated Trendlines
Robotic Trading (new)
Setup & Usability
SW Setup10/10
Ease of Use Score8/10

TrendSpider Stock Market Software – Data Sheet

TrendSpider Review: AI Automated Stock Charting Tested - 13

Trendspider uses AI to do the hard work of plotting trendlines, recognizing patterns, and analyzing stocks for you. Perfect for beginner traders and experienced market analysts, TrendSpider offers a service unlike any other.

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