Spikeet Review – Is This Platform Right for You?

Spikeet is a stock data platform that enables you to create custom spreadsheets containing up to 15 years of historical data. You can use the platform to build your own financial models, test trading strategies, or even find swing trading and active investing opportunities.

Spikeet is expensive, so is this data service worth it? Keep reading our Spikeet review to find out.

Spikeet pricing options

Spikeet offers a free plan that is mainly useful for testing the service. You can make unlimited data requests for up to one year, but you are limited to 4 filters and 20 results per request.

Spikeet offers two paid plans. The Trader plan is paid monthly at $299 per month. Includes up to 8 years of historical data, up to 6 filters, and 2000 results per request.

The Quant plan is billed annually at $3,000 per year. It offers 15 years of historical data and unlimited filters and results for every request. You also get the ability to download spreadsheets, an Excel plug-in, and full access to Spikeet's charting capabilities.

With the Free or Trader plans, you have the option of adding a charting package to Spikeet. The Analysis plan costs $50 per month and allows you to view up to 50 charts per data request. The Chartist plan (included with the Quant subscription) costs $99 per month and allows you to view unlimited charts.

Features of spikelet

Data requests

There are several ways to submit a data request in Spikeet.

The simplest way is to start with one of the platform's 11 templates. Templates focus on active trading opportunities, including stocks hitting 52-week highs, OTC stocks gaining 100% or more in a single day, and penny stocks gapping 20% ​​or more at the open. You can customize templates by modifying the date range for which you want data, modifying filters, and modifying columns in the resulting spreadsheet.

If you want to create your own data request, you can start from scratch. Here is a summary of the available filters:

• identification: Security type or indicator symbol(s).
• Daily: Exchange, open, close, high, low, volume, number of trades
• During the day: Price filters between trading hours of your choice
• Indicators: Volume, VWAP
• Basic: News, earnings report, shares outstanding, market capitalization

You can also create your own custom filters using code. Spikeet uses artificial intelligence so you can write your filter in words and it will automatically convert it into code.

Another way to make a data request using Spikeet is to simply type in what you are looking for. The platform's AI will transform your words into a series of filters. For example, you could enter “Stocks that traded more than $1 and gained 10% or more in a single day on trading volume greater than $25 million between January 1, 2024 and today.”

Data tables and graphs

Spikeet outputs the data from your request into a Zoho Sheet spreadsheet that opens in a new window. You can sort, filter, format, and apply formulas to your spreadsheet using all the tools available in Zoho Sheet. You'll need the Quant plan to download the spreadsheet, but you can copy the data to another spreadsheet using the Free or Trader plan.

You can also view your results as mini charts from TradingView. This can be useful if you use Spikeet like a stock scanner to find active settings. It's also a good idea to build a trading strategy and want to make sure your order filters are effective at finding strong setups.

Mini charts are a nice touch if you have a Quant subscription, but they're probably not worth paying for as an add-on to a Free or Trader plan.

Customization and planning

Every data request you make is saved in Spikeet so you can access it again in the future. You can update orders with one click, which is useful for orders that focus on active settings rather than historical data. You can also save data requests as templates, and then build on them in the future.

You can save your most frequently used data requests as favorites and trash requests that you no longer care about to keep your workspace clean. Spikeet also lets you file your data requests into folders, which is useful for staying organized.

Differential tools for the Spikeet platform

Spikeet enables you to make detailed requests for historical inventory data. You can dive much deeper than just getting information about a stock's open, close, high, low, or trading volume each day in a data range.

Using Spikeet, you can narrow down your request to see stock price activity during certain hours during the day (for example, from 1 to 4 p.m.) or on days when they have earnings reports. You can also use it to collect data about your trading strategy setups that have occurred in the past. While backtesting tools provide some data about past settings, you don't get nearly the same level of information as Spikeet.

Another unique aspect of Spikeet is that the data is output into spreadsheets, allowing you to do more with it. You can create custom formulas to filter or highlight price action, for example.

The biggest drawback of Spikeet is that the platform does not provide many indicators to help you find stock data on specific trading strategies. You cannot easily place a request for price data on, for example, moving averages of crossovers or crossovers in the MACD indicator. There are also not many fundamental metrics, so it is difficult for long-term investors to use this platform effectively.

What type of trader is suitable for Spikeet?

Spikeet is best for a very specific purpose: collecting historical data about stocks based on price, time, and other filters.

Spikeet is very useful if you want to create your own backtests or delve deeper into historical settings than most backtesting tools allow. This is also good if you want to transfer data from an online scanner to a spreadsheet so you can perform custom analyses.

Traders interested in using Spikeet to test strategies may be better served through a strategy backtesting tool such as TradingView, TrendSpider, or Trade Ideas. These platforms use historical data to test how a trading strategy is performing, but you don't have to dive into the historical data yourself.

If you mainly want historical price data, including daily open, close, high and low prices, you can get that from many services. NASDAQ provides this data for all stocks on its exchange for free, for example.

Additionally, if you primarily want to find active setups for your trading strategy, you may be better off using a stock scanner. FinViz has an excellent free stock scanner that includes more filters than Spikeet and similarly enables you to view scan results as mini-art charts.