TrendSpider Review

TrendSpider takes charting and backtesting to a whole new level. They offer popular analysis tools like Fibonacci retracements. Innovative things like raindrop charts are also available.

In this TrendSpider review, we will breakdown the pros and cons and review TrendSpider from A to Z. You will also get access to exclusive TrenSpider offers like a 15% TrendSpider coupon and a free trial.

TrendSpider Review

​Transparency: When you buy certain products from some of the sites we link to, we may earn a small share of the revenue.

​What is TrendSpider?

​TrendSpider is a proprietary stock analysis software and automated technical analysis tool for traders. ​It aims to help you spotting and exploiting trends faster than the average trader and also to help you track indicator and price movements.

  • ​Trendspider was founded in 2016, and its products are innovative and fully customizable. They use smart algorithms to take emotion out of the trading equation.
  • ​Designed by traders, for traders, TrendSpider serves over 4,000 registered members and over 600 paying customers​.
  • ​​Their offices are located in Chicago, Denver, India, Russia, and Ukraine.
  • ​Customizable automated Technical Analysis and dynamic alerts are the core components. ​Trading education takes place by video and via in-depth blog posts.

TrendSpider makes tremendous progress by developing great new ​innovations for traders.

The brand new Raindrop Chart is one of the most innovative functionality they came up with. Today TrendSpider announced, that they now support 150+ Crypto Exchanges and 6,000+ Crypto Assets.

That's amazing, and on top of that, unique features like

  • Raindrop Charts
  • Instant backtesting functionality
  • Alphatrends aVWAP can be applied to all charts.

TrendSpider ​Features

TrendSpider already provides features that other tools don't. Their focus is to help you with Technical Analysis​ by complementing what you usually do by hand. The ​algorithm allows you to complement your drawings and spur ideas you may not have thought of.

TrendSpider measure feature

TrendSpider algorithm makes its decisions using data and facts trading stocks. This way, you can use price levels measured quantifiably rather than second-guessing and seeing your bias painted on the chart.​ Even more significant is the time you save.

With TrendSpider's charting tools, the platform automates Technical Analysis for ​traders. It speeds up your analysis for stocks and:

  • draws trendlines,
  • calculates and draws Fibonacci retracement levels, as well as
  • detects and highlights over 40 candlestick patterns with mathematical precision.
TrendSpider Candlestick Patterns

The benefit? You're able to remove bias and emotion from the trading equation. A Doji will be a Doji. A breakout will be a breakout. What's most important, though? Speed.

​Every trader knows, to profit in the market, you need to be fast. A second's delay is the difference between a profitable opportunity and an opportunity missed.

Raindrop Charts

Never heard of Raindrop Charts before? That's because this is a brand new, never seen before ​charting feature, ​developed for traders. ​Raindrop Charts are designed to provide an entirely new perspective when looking at a chart.

Instead of standard Open, High, Low and Close prices, TrendSpider now also considers the price development ​and the VWAP in each raindrop. Have a look at the graph below (source

TrendSpider Raindrop Charts

Besides the tendency of the price development during a given period (red candle, green candle, Doji), you now have a volume profile included. The advantage? Look at the section "F" above between 11:00 and 11:30. Yes, the candlestick itself tells you a decent story — a strong green candle closing near the high.

The Raindrop Charts tells the same story, but it adds information about the volume profile of the period. You can see that the end of the period was characterized by heavy volume. This is a bullish sign.

​This feature alone is worth subscribing to the free trial TrendSpider provides.

Breakouts, Price Touch and Bounce Setups

TrendSpider offers automated breakout detection for all supported markets. So you will know when an asset breaks through resistance. You can even set up customizable watchlists with Smart Alert Triggers. Breakout, price touch, and bounce setup detection are available.

TrendSpider Sensitivity Alert

The Heatmap - Level 2 simplified

Furthermore, you also receive detailed information through ​the proprietary heatmap. Here, the program color codes current and historical order book support and resistance levels.

TrendSpider Heatmap

Automated Trendlines with Trendspider

​Trendspider ranks the strength of both long-term and short-term trends. Automatic trendlines are plotted on the chart. There many individual settings available.

TrendSpider highlight breakout feature

Multi Time-Frame Analysis

This is a pretty cool feature, actually. With multi-timeframe comparisons you can overlay:

  • Trendlines
  • Indicator values and
  • Candlestick Patterns from other time frames.

The multi-timeframe analysis is something experienced traders will definitely like in this charting platform.

TrendSpider Multi Time Frame Analysis

Basic Chart Analysis

Do you like to a specific candlestick pattern? Do you wish to plot trend lines automatically? Do you want to apply basic technical analysis on candlestick charts? With this web-based trading software, all of this is possible.

Strategy Backtesting

​TrendSpider's backtesting framework is an exciting feature to perform backtests. You can backtest on timeframes from 1-minute, and daily to monthly charts. This can be done for many financial markets and assets.

TrendSpider Backtester

​Keep in mind that it does only the basics. More advanced backtests are available via NinjaTrader. But in NinjaTrader you have to write code in C#.

​You can also backtest your trading strategies in high speed via Trade Ideas ​without any coding knowledge. Trade Ideas' backtest engine acts on tick data and is faster than any other tool I know.

Anyway, having a backtesting tool makes TrendSpider even more exciting. It is included in all pricing packages. But the TrendsSpider Standard package includes only ten tests per month! I plan to test this feature more intensively in the next few weeks. I'll keep you posted!

Other Trendspider Features

  • ​Enterprise-grade speed and reliability with automated charting features
  • ​Fully customizable analysis rules that can be tailored to your specific trading style
  • ​Smart and custom watchlists so you never miss a trading opportunity
  • ​Customizable interface themes with different graphics and visual templates
  • ​​Sync alerts using email or SMS notifications
  • Technical analysis with trend lines, support and resistance, and technical patterns
  • ​​​Quiet hours when you don't want to be bothered with price alerts
Multi-Factor Alert with TrendSpider

The platform also offers sensitivity control for trendline and indicator alerts. When moving averages cross, or other technical analysis based things are triggered, you can get notified about it with an alert.

Here, you can select how close an asset price needs to get to a selected indicator before you receive a price alert. It's a valuable tool because trendlines often don't appear as they do in a general sense. While visual patterns are similar, they don't precisely mirror the pattern you're trying to spot.

​The TrendSpider Advantage

TrendSpider is an advanced technical analysis software that helps achieve trading success. Its made for trading based on technical analysis. It is a web-based platform, and the advantage is that you can access it from everywhere. The disadvantage is that a web-based platform is usually a bit slower compared to software solutions.

For example, my favorite stock screener is Trade Ideas. Trade Ideas is lightning fast, and I can scan the market for every setup and pattern I like. It's available as a web-based and local installed trading software version. Trade Ideas also has an integrated paper trading account. Trades can be executed without any risk. 

That's because the app is faster, and milliseconds can make a difference in day trading. While TrendSpider is a perfect choice for swing-traders, Trade Ideas remains the favorite for day trading. What would be a ​review without a detailed analysis of the costs? As we will see in the Trendspider pricing section, the pricing is fair for what you get.

​Plans | Costs | Pricing

​TrendSpider recently adjusted their whole pricing scheme. Before, there was a difference between the markets you subscribe to. Now the pricing options are more simplified and come with a crystal clear pricing structure.

The first diversifier is now the difference between monthly, quarterly, and annual subscriptions. The monthly subscription starts at $14 for ​Standard. ​​Premium costs $39/month, Elite $69/month, and ​Master $119 per month. When you subscribe on an annual basis, then you save up to 35%.

TrendSpider Costs

Both compared to the month-by-month subscription. Like many providers, the longer you sign up, the higher the savings. The month-by-month subscription is a good starting point until you are 100% convinced that you like to use the tool longer term.

Yearly subscriptions:

  • $132 for Standard, 
  • $324 for Premium, 
  • $564 per year for Elite, and 
  • $924 per year for Master.

TrendSpider offers a free trial period. So let's proceed with the TrendSpider review taking a closer look at the free trial, coupons, and promo codes.

​Free Trial | Promo Code

​TrendSpider Coupon

I kindly asked them to provide a TrendSpider coupon. ​I'm glad that they have agreed to my request. For a limited time, you can use my coupon to save 15% immediately.


​How does it work?

  1. ​Use my link to proceed to their page: TrendSpider 15% Off
  2. Chose your subscription package
  3. ​Apply the coupon DTDZ15 during the checkout (under "payment info")
  4. Enjoy 15% off of your subscription

​The Trendspider Free Trial

​TrendSpider still offers a 7-day free trial​. ​I don't know for how long, but right now, you can test TrendSpider for free for seven days. ​​You can ​cancel ​your subscription at any time​ during the ​7-day period.

​You're able to test out the full version of the product to assess its validity under real market conditions. And do so with little out-of-pocket costs in the process. TrendSpider provides you smart trading tool functionalities at a reasonable price.

And given the 7-day trial – ​you have a risk free way to find out for yourself. Keep in mind that after seven days, you will be charged for the subscription period you have chosen.

​Trend​Spider Checklist

  • ​Founded: ​20​​16
  • ​Number of members: ​​4,000+
  • ​Company address check: ​​2028 E. Ben White Blvd. #240-2010 Austin, Texas 78741
  • Free trial: ​7-day​s for all three of its subscription plans
  • Free resources: ​TrendSpider Trading Blog, TrendSpider YouTube Channel, TrendSpider Twitter Account
  • Coupons and promo codes: ​32% off the first 12-months of your first TrendSpider subscription plan via annual payment. Plus, by using my TrendSpider coupon, you save 15% off right away.
  • Money back guarantee: ​No
  • ​Price range: ​$14 (monthly) to $828 (yearly plan)
  • Transparency: good

Who is TrendSpider Best For?

TrendSpider's software is best for traders looking for real-time data within a modern trading tool. Automated charting and indicators like exponential averages make it easy to work with it. Dynamic price action alerts are easy to use.

You can choose to run the program fully automated and let its algorithms make decisions for you. You can also customize the settings and give yourself full control while the program enhances your skillset in the background. You can also use TrendSpider the traditional way.

As a charting tool where you insert your trendlines yourself. Keep in mind that even fully automated trading needs you sitting in front of your trading computer at any time. And you should never trade black box strategies. The automated trendline, Fibonacci, and candlestick identification can save you time.

​TrendSpider Review Summary

​TrendSpider is a valuable product. They don't make any outlandish promises and offer a fair pricing structure. They do not just repeat all the standard charting features that so many other firms like TradingView and Finviz already provide. Instead, new functionalities ​like the Raindrop Charts get implemented. That's great for traders and the overall trading tool market. The more competitive the landscape receives, the better for all of us.

Their integration of artificial intelligence-based algorithms does not go that far like the market-leading stock screener Trade Ideas. Also, they currently do not use the original NASDAQ, and NYSE tick-data like Trade Ideas does. But that's not a big deal for those looking for a useful trading tool to analyze the stock markets.

TrendSpider already supports:

  • over 40 candlestick patterns,
  • dynamic price action alerts,
  • automated price gap detection,
  • advanced Fibonacci retracements detection,
  • Technical indicators like moving averages and 
  • as well as more software benefits than we can name.

One real disadvantage I see is that horizontal trendlines are not supported. Day traders love them, and it would improve the platform. Trial periods speak to authenticity. TrendSpider passes the test in the review with their free trial.

Make sure to have the time to test the product during the trial period as excessive as possible. Make the most out of it, and do not hesitate to check other trading tools as well before making your final decision. ​If you are convinced that you will use the service for a full year, then it makes sense trying to save the additional buck.

Otherwise, the monthly subscription is the best way to go. Especially for beginners in the trading space. This software helps you to analyze your favorite stock and ETF with just a few mouse clicks. Their innovative raindrop charts are something users will fall in love with. The community is active, and as a customer, you will appreciate the support via phone.

Conclusion: ​TrendSpider goes a step further compared to ordinary charting software solutions. A fast backtesting engine, new charting functionalities, and trading alerts are just a few features you can expect.​



​About the Author

​Alexander is an investor, trader, and founder of After devoting many years to educating himself on powerful day trading techniques and effective investment styles, he started trading and investing more actively. In the past 20 years, he has executed thousands of trades. In 2015, he began writing articles about trading, investing, and personal finance. He is very passionate about sharing his knowledge and strives for success in himself and others. Alexander has been featured on Benzinga, Rockstar Finance, and ESI Money.