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US fintech to launch market scanner technology?

Feb 04, 2020

The Market Scanner offers over 30 predefined scans for the common strategies, as well as TrendSpider’s proprietary scans

market scanner technology

US fintech to launch market scanner technology. Source: shutterstock.com

TrendSpider announced the release of its market scanner technology. The Market Scanner will help active traders to develop strategies, analyze patterns, compare timeframes, identify support and resistance zones.

The best trading system in the world is useless without being able to find the right securities at the right times. There are many screening tools out there, but most of them are very basic, supporting only the simplistic criteria on a single timeframe, and extremely complex, requiring advanced knowledge of programming in order to define criteria. Worse, none of the legacy solutions available today are integrated directly into a robust charting, backtesting and alerting platform like TrendSpider. Our Market Scanner bridges the gap by providing a way to find opportunities that any trader could put to work immediately
Dan Ushman, TrendSpider CEO 

As to the main features, the Market Scanner provides the ability to scan multiple timeframes at once. What is more, users will be able to define complex, logical and comparative conditions in a visual interface with no programming experience. The technology also converts a scan into a watchlist for quick reference. TrendSpider offers the ability to have multiple scanners running at one time.

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