What do you think of 'Spydercrusher' indicator for Tradingview?

[thegoatiest]

Hey,
I stumbled across this indicator - Spydercrusher.
It seems pretty effective at first glance. I was wandering if anyone here uses it and how they've found it?
It's pretty damn pricey in my opinion... but, it does look good.

TG

[Ailmand]

Hey,
I stumbled across this indicator - Spydercrusher.
It seems pretty effective at first glance. I was wandering if anyone here uses it and how they've found it?
It's pretty damn pricey in my opinion... but, it does look good.

TG

I looked for further information about it, here is what I got

 http:// [url]https://www.tradingview.com/script/4mObzA6x-SPYDERCRUSHER-Trends-V3//url]

I wasn't able to see the cost of this software, however, it seems that their package is worth it. Pretty interesting, might be a good indicator which could save you time and cost.

[thegoatiest]

the software is 70$ a month. subscription. 30% off if you do it annually.

Which, for me is a lot. I mean, that's a lot anyway - 840$ a year! like 4x Tradingview at max price - which it's an addon for  
But it does seem a promising indicator.
When I have a bit more money, I may give it a go for a month.

[Bitinity]

the software is 70$ a month. subscription. 30% off if you do it annually.

Which, for me is a lot. I mean, that's a lot anyway - 840$ a year! like 4x Tradingview at max price - which it's an addon for  
But it does seem a promising indicator.
When I have a bit more money, I may give it a go for a month.

Looking at some comments on the tradingview, there are some people complaining that they do not get the access few days after payment.
I do not think that it worth to try imho, but surely it is your own right if you want to use it.
Every indicator service are always look promising, as it is the way to attract users.

[traderethereum]

Never use the indicator, and I thought that is not free. I don't use any paid indicator services or using any paid services because as long as I can satisfy with the free, why I should use the paid?
But I think it's not enough for you to use the paid indicator if you don't have the basics skills in trading because I am sure that you need to understand how the indicator works so you can be able to work with the other indicator. So my advice is better you learn with the basics indicator like bollinger bands, macd, ma, and else before you tried with the paid indicator.

[Haunebu]

Am not interested in investing in a pricy indicator like this when there are free and reliable options already available. Even if you were to invest into Spydercrusher, there is no guarantee that you will profit all the time. Nothing interesting here!

[N0sferatu]

Technical indicators are always lagging.

They only show a trend in past events! Therefore, using them to determine entry / exit points like support & resistance levels is fine. Indicating an upcoming trend is not what they do!

So, to my mind, better stay with the freely available indicators. If you really want to understand how the market moves, you should start watching orderbooks and interpreting candlestick patterns instead.

[thegoatiest]

I'm doing all these things already. I was just curious about spydercrusher. May give it a go one day.

[1Referee]

If you really want to understand how the market moves, you should start watching orderbooks and interpreting candlestick patterns instead.

Watching orderbooks isn't that useful with how easy to manipulate they are, and the market movers on most exchanges also enjoy a hidden order feature.

The best thing in this case is that it doesn't cost anyone a penny to spoof orderbooks, which is something whales over at Bitfinex used to do a lot in the past. I'm sure that some people remember the whale who was spoofing Bitfinex's book with a +10,000BTC buy order above $7000 last year. The price went down hard afterwards. 

[Jating]

the software is 70$ a month. subscription. 30% off if you do it annually.

Which, for me is a lot. I mean, that's a lot anyway - 840$ a year! like 4x Tradingview at max price - which it's an addon for  
But it does seem a promising indicator.
When I have a bit more money, I may give it a go for a month.

Don't waste your money or time. It's very expensive. Why don't you just used that $70/$840 as your initial capital?

If you are not an experienced trader, then that's another problem, imho. Much better to really get your hands dirty and try to learn how to properly trade instead of paying subscriptions to a app that you don't know how to use to begin with.

[N0sferatu]

If you really want to understand how the market moves, you should start watching orderbooks and interpreting candlestick patterns instead.

Watching orderbooks isn't that useful with how easy to manipulate they are, and the market movers on most exchanges also enjoy a hidden order feature.

The best thing in this case is that it doesn't cost anyone a penny to spoof orderbooks, which is something whales over at Bitfinex used to do a lot in the past. I'm sure that some people remember the whale who was spoofing Bitfinex's book with a +10,000BTC buy order above $7000 last year. The price went down hard afterwards. 

You are absolutely right with that!

But isn't this circumstance one of the most important things to know / discover? 
Many people never watch orderbooks and therefore never really get a feeling about what happens. They wouldn't even recognize an artificial pump or dump when they see it.

I'm just sharing this since it helped me a lot to get a better understanding of the whole market.

[wxa7115]

Hey,
I stumbled across this indicator - Spydercrusher.
It seems pretty effective at first glance. I was wandering if anyone here uses it and how they've found it?
It's pretty damn pricey in my opinion... but, it does look good.

TG

There is not such a thing as an effective indicator that can tell you what the market is going to do next, the first question that you need to ask yourself is whether you know how to trade or not? And then you need to ask yourself if you have been profitable during your time as a trader? Only then you can consider buying some tools to improve your ability to trade but if that is not the case then you need to keep learning and to use the free available indicators that are out there.

It is not as if we are short in indicators, there are thousands of them and you can try several of them until you find yourself comfortable and you understand the function of each one of them, once you do that and you become profitable you will understand that you do not need a paid indicator to tell you what to do.

[Zadicar]

I'm doing all these things already. I was just curious about spydercrusher. May give it a go one day.

Indicators might work for you and wont work on others.Each trader do have specific way on making decisions which means profitability would still depend on how you do react
 and decide on when to get in or get out.Why would pay if you can able to use some indicators for free?It might not be similar but it would still do the job.

[leowonderful]

Not worth paying for any indicator IMO. Other indicators on TradingView that are free work just fine, and there's no guarantee that buying this indicator will make you more successful at trading, heck there are many successful traders out there that use just a few basic indicators. You'd likely be better off using free indicators and using the $60/month that this indicator costs towards trading.

[figmentofmyass]

Hey,
I stumbled across this indicator - Spydercrusher.
It seems pretty effective at first glance. I was wandering if anyone here uses it and how they've found it?
It's pretty damn pricey in my opinion... but, it does look good.

TG

it's the only paid indicator that's worth it IMO. i've used his SCMR indicator set for years. i was a regular in the tradingview bitcoin chat for years and spydercrusher often hung out in the chat. the guy really understands markets and is very no-nonsense and he's a great resource whether or not you've paid for his indicators (but if you pay for it he will give you some one-on-one time too to maximize your use of it). i think SCMR is the most visually effective toolset i've ever come across for reading reversals and trends quickly. i love using it to browse across lots of markets because i can very quickly zero in on good trading setups.

if you have experience trading and already have an edge on the market, SCMR will pay for itself extremely quickly.

[thegoatiest]

Thankyou for the review.
Me having interest in this indicator doesn't mean I am a total newb guys. Nothing wrong with seeing what's out there. As pointed out above, it's a very 'visual' indicator. It is actually quite newb friendly in that regard. However, I agree with that money being better spent on the trading capital initially.

[carter34]

But I think it's not enough for you to use the paid indicator if you don't have the basics skills in trading because I am sure that you need to understand how the indicator works so you can be able to work with the other indicator.

This is a very wise saying and a reasonable one for that matter because, if you are bereaved of the ideas of what defunct indicators are and can do, you might find it difficult to even relate with the robots that you paid for.