TrendSpider Review: Big 2024 Updates! Is It Now The Best?

In-Depth Hands-On Trendspider Test, Review & Rating

Trendspider uses AI to recognize trendlines, chart patterns, and candlesticks automatically. Automated trading bots and powerful backtesting make it an innovation leader.

I have used TrendSpider for seven years to automate my chart technical analysis and develop cutting-edge trading strategies. I have tested over 100 indicators and strategies with TrendSpider, and in this review, I share the results of my testing.

TrendSpider Review Ratings

TrendSpider Rating TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 24 4.8/5.0
💸 Pricing TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 25 ★★★★★
💻 Software TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 26 ★★★★★
🚦 Trading TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 27 ★★★★✩
📡 Scanning TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 28 ★★★★✩
📰 News & Social TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 29 ★★★✩✩
📈 Charting TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 30 ★★★★★
💡 Pattern Recognition TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 31 ★★★★★
🕯️ Candlestick Recognition TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 32 ★★★★★
🔍 Backtesting TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 33 ★★★★★
🧪 Code-Free Backtesting TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 34 ★★★★★
🖱 Usability TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 35 ★★★★★
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Trendspider is innovative and separates itself from the crowded stock chart analysis software market. It solves the problem of too much time spent analyzing, 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 Summary

Our TrendSpider testing finds it is ideal for US traders wanting AI-automated charting, pattern recognition, and backtesting of stocks, indices, futures, and currencies. TrendSpider automatically identifies trendlines, Fibonacci, and candlestick patterns. Excellent backtesting and multi-time-frame analysis make it a great choice for experienced technical traders.

TrendSpider stands out by leveraging AI and machine learning to streamline traders’ workflow, bringing automated trend and pattern recognition to the forefront. With TrendSpider, traders gain access to advanced analysis and strategy testing capabilities, surpassing manual efforts in scale and efficiency.

TrendSpider Review: Key Features

⚡ Features TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 36 Charts, Watchlists, Screening
🏆 Unique Features TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 37 AI Automated Trendlines, Fibonacci, Candlestick Pattern Recognition
🎯 Best for Stock, Options, Fx & Crypto Traders
♲ Subscription Monthly, Yearly
💰 Price $149/m or $75/m on an annual plan
💻 OS Web Browser
🎮 Trial
✂ Discount 30% Off Monthly Plan Code "LST30"
50% Off an Annual Plan (No Code Required)
🌎 Region USA

✂ TrendSpider Presidents Day Sale is Live Now ✂
☆ 67% Off Yearly Plans ☆
☆42% Off Monthly Plans ☆
It's their biggest sale of the year.

Pros

TrendSpider Review - Most Innovative Stock Analysis Automation
TrendSpider Review: Most Innovative Stock Analysis Automation Award
  1. Automated Candlestick, Chart Pattern & Trendline Recognition
  2. The Best Point-and-Click Backtesting & Strategy Development
  3. Auto-trading Bots
  4. 150+ Different Candlestick Patterns Recognized
  5. 220+ Charts & Indicators
  6. Multi-Timeframe Analysis
  7. Real-time Exchange Data Included in Price
  8. Stocks, ETFs, Forex, Crypto, Indices & Futures
  9. Seasonality Charts
  10. News & Analyst Ratings Change Scanning
  11. In-Person 1-on-1 Training Included

Cons

  1. No Social Network

TrendSpider’s Most Powerful Features

TrendSpider’s most powerful features are automated candlestick, trendline, and chart pattern recognition. Point-and-click backtesting and strategy development automatically plot buy and sell signals onto the chart. TrendSpider now has financial news, analyst estimates, rating changes, insider trading, and seasonality charts. Finally, the 2024 introduction of AI-powered trading assistance and automated trading Bot execution is the icing on the cake.

In 2024 TrendSpider is arguably the most complete trading software on the market today.

TrendSpider's most powerful features all on a single screenshot.
We highlighted TrendSpider’s most powerful features in a single screenshot. (Click to Zoom)

Unleash TrendSpider Now

What is TrendSpider?

TrendSpider is an innovative trading 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. I have met Dan and his team, and I can assure you this platform is the most innovative in the industry, led by a man with great integrity.

TrendSpider App

Trendspider’s mobile app, updated for 2024, is fast and harnesses about 80% of the functionality of a desktop. It works on any connected device and requires zero data downloads or 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.

Our original trading research is powered by TrendSpider. As a certified market analyst, I use its state-of-the-art AI automation to recognize and test chart patterns and indicators for reliability and profitability.

TrendSpider Automated Chart Analysis

✔ AI-Powered Automated Chart Analysis: Turns data into tradable insights.
✔ Point-and-Click Backtesting: Tests any indicator, pattern, or strategy in seconds.
✔ Never Miss an Opportunity: Turn backtested strategies into auto-trading bots.

Don't guess if your trading strategy works; know it with TrendSpider.

Unleash TrendSpider

TrendSpider Pricing Plans

TrendSpider has radically simplified its pricing model for 2024. There is only one plan, and it includes everything: real-time data, futures, AI-powered pattern recognition, backtesting, news, options, crypto, futures, and even automated bot trading with broker integration!
  • The standard price is $149 per month. The best deal is opting for an annual prepaid plan, which offers a 50% discount, equating to $74.40 per month.
  • If you prefer to pay monthly, the price is $149, and adding code LST30 during checkout will save 30%, meaning the monthly plan costs  $104.30.
TrendSpider Pricing Monthly Subscription Annual Subscription
Standard Price $149 $149
Discount 30% With Code LST30 50%
Discount Price/mo $104.30 $74.40

TrendSpider Coupon Code Discount

Trendspider discount coupon code “LST30” is verified and valid for 2024, granting a 30% discount on a monthly plan. Use coupon code “LST30” at checkout.

Using this coupon on a TrendSpider monthly subscription could save you over $600.

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.

Multi-timeframe analysis means viewing 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.

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

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 trendlines 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 trendline 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. This capability lets you quickly complete a trendline analysis on any chart.

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

It gets even more interesting here: the multi-timeframe analysis can superimpose 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 all 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 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 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 must learn hundreds of candlestick formations and understand if they are bullish or bearish.

Learning this can take years, or you can use TrendSpider to detect over 150 candlestick patterns automatically.

To enable candlestick pattern recognition in TrendSpider is easy. Click patterns, select your pattern, and click apply.

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

On the chart, you can see the annotated candlestick pattern DJ for Doji. 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. They also 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 automate technical analysis. 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 an AI-powered strategy tester that allows you to type what you want to test freely, and AI 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.

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

I like 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  Ichimoku, so I was interested in testing its effectiveness and profitability 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

First-Class Backtesting With TrendSpider

This backtest on NVIDIA (Ticker: NVDA) ran in under 1 second for five years of data from 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-and-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 for this stock. TrendSpider helped me to identify that Ichimoku Cloud charts are not profitable.

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 to scan a specific stock and 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.

Get 30% Off With Code “LST30”

Is TrendSpider Easy To Use?

Customers can request free personal training sessions from the TrendSpider team, which are unique in the industry and help you get up to speed quickly. 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 confirmed it is excellent, and you have a human to chat with during US office hours.

TrendSpider Alternatives

What are good alternatives to TrendSpider? If you trade outside the US markets and want a community, then TradingView is a good option. For real-time news, MetaStock is a good choice. For black-box AI-driven trading signals, Trade Ideas is the best. However, for automated stock chart analysis, TrendSpider rules. See the feature comparison below.

TrendSpider vs. the Competion TrendSpider TradingView MetaStock
Free Plan X X
Price/mo $75 $59.95 $99
Exchanges USA Global Global
Broker Integration X
Fundamental Screening
Auto Bot Trade Execution X
Trading Community X X
Automated Trendlines X X
Multi-timeframe Analysis X X
Candlestick Recognition
Market Scanning
Backtesting
Point-and-Click Backtesting X X
Chart Indicators 220+ 160+ 300+
News Feed
Real-Time News X X

Final Thoughts

Trendspider uniquely uses AI and machine learning automation to save traders time and provide a competitive edge. TrendSpider enables levels of analysis and strategy testing on a scale we have not seen before.

TradingView vs TrendSpider: 9 Epic Tests To See Who’s Best?

 

TrendSpider
TrendSpider Review: Big 2024 Updates! Is It Now The Best? - 45

Trendspider uses AI to recognize trendlines, chart patterns, and candlesticks automatically. Automated trading bots and powerful backtesting make it an innovation leader.

Product SKU: NA

Product Brand: TrendSpider

Product Currency: USD

Product Price: 59.00

Price Valid Until: 2027-02-10

Product In-Stock: InStock

Editor's Rating:
4.8

Pros

  • Automated Trend Line Detection
  • Automatic Multi-Time-Frame Analysis
  • Simple & Powerful Backtesting
  • Real-time Exchange Data Included in Price
  • Automatic Fibonacci Trend Detection
  • Stocks, ETFs, Forex, Crypto, Indices & Futures
  • Auto Candlestick Recognition
  • AI Integrated Pattern Recognition
  • Excellent Charts & Indicator Selection
  • In-Person 1-on-1 Training Included

Cons

  • No Social Network

8 COMMENTS

  1. TrendSpider kind of sucked IMO. I hated the scanners. Tradingview, Marketsmith, and Stockcharts all better in my opinion.

  2. Hi. I tried signing up for the annual membership through your affiliate link today, and used the coupon code “Lib40”. It works now. It applied the discount after placing the order. I guess they must have fixed the glitch with the code. Just an FYI, the discount is not reflected on the initial order page. It is reflected on the confirmation page after placing the order. Thanks!

  3. I tried using this link and discount code to sign up for Trendspider and it didn’t work. When I contacted Trendspider about this, they replied “I don’t see this code in our system.”. Please fix this. Thank you.

Comments are closed.