Nasdaq TotalView® is Nasdaq's premier data product, and is available in the ScottradeELITE platform. Nasdaq TotalView® is the full order book for the Nasdaq index, allowing traders to view every buy and sell order - both attributed and anonymous - at every price level for any security listed on the Nasdaq.

From the Nasdaq TotalView® window, traders can view:

  • Full quotes
  • Time & Sales information
  • Tick-by-tick line chart
  • Aggregate depth bar graph
  • Full depth bid and ask offers

Nasdaq Velocity® & Forces®
Nasdaq Velocity® & Forces® is another Nasdaq data product available through the ScottradeELITE platform. Shown in Figure 27, it measures levels of pre-trade order activity in the Nasdaq trading system, including Nasdaq-, NYSE- and other regional-listed securities to gauge the intensity of trading interest and relative buy versus sell pressure.


Figure 27 - The Nasdaq Velocity & Forces analysis tool is available through the ScottradeELITE platform.


Market Velocity® measures the intensity of the trading interest using order messages that enter the Nasdaq trading systems. Some of these do not show up in a traditional quote feed because they are cancelled or re-routed and, therefore, never reside in the Nasdaq book. Market Forces® provides a real-time, pre-trade gauge of the market's direction by comparing relative buy and sell orders. Together, Nasdaq Velocity® & Forces® pairs intensity and trend awareness to help traders predict the most effective time to trade.

Trade-Ideas™
Trade-Ideas™ Idea Generation Technology, shown in Figure 28, is a real-time and dynamic stock screener tool allows traders to define criteria to help identify trading opportunities.

Figure 28 - ScottradeELITE\'s Trade-Ideas real-time scanner tool. Image courtesy Scottrade, Inc.


Conclusion
ScottradeELITE is a robust trading platform that is available free of charge to Scottrade clients with a minimum account value of $25,000. The advanced charting allows users to build an unlimited number of customizable charts with in-depth technical analysis, choosing from more than 25 technical indicators and several chart types. The platform has an array of useful analysis tools, including Nasdaq TotalView®, Level II stock quotes, Nasdaq Velocity® & Forces® and Trade-Ideas™ to help traders identify high-probability trading opportunities.

SEE:
Blending Technical And Fundamental Analysis





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