The app is similar to ChebyshevTrendPro but fully based on GoogleFinance data feeds provided. As soon as GoogleFinance provide realtime and daily data for NASDAQ & NYSE executed symbols and for Bombay Stock Exchange, National Stock Exchange of India, Shanghai Stock Exchange, Shenzhen Stock Exchange listed symbols but doesn't provide historical weekly and monthly data the app is focused on various intraday (1minute-30minutes) and daily intervals.
The app uses Chebyshev polynomials to create trend lines against GoogleFinance intraday stock charts.
This innovative trending method is based on creating polynomials using a modified Gaussian least squares fit that essentially acts as a noise filter, removing random fluctuations from the chart data and finds the real underlying trend.
The main benefit of using this trending method is an almost complete absense of lag, when compared to moving average trends.
The app includes buy/sell signals & S/R lines based on the Chebyshev trend. An unique method has developed specially for app to provide these signals.
Trends can also be compared with classical MA, Bollinger Bands, Parabolic SAR & volume indicators, MACD, Chaykin & BB%B oscillators and more (check v.2 manual appendix #2 at the support site for more details);.
Other features include the ability to save stock symbols in a portfolio by groups of interest and adjust the trend dates, moved crosshair & Fibonacci retracement.
You can try ChebyshevTrendLite, a free version of the app, to test before making a decision to purchase GTrend.
As soon as stock data is sourced from the GoogleFinance website, only stocks available on the website can be trended in the app.
A data connection is required to access the GoogleFinance website, however the app will perform best if a WiFi internet connection is available.
If you are interested in charting against Yahoo Finance available historical/intraday data check ChebyshevTrendPro & YTrend apps please.