1. Beginner's Guide To Scottrade ELITE Trading Platform - Getting Started
  2. Beginner's Guide To ScottradeELITE Online Trading - Main Window
  3. Beginner's Guide To ScottradeELITE Online Trading - Charts And Settings
  4. Beginner's Guide To ScottradeELITE Online Trading - Trading
  5. Beginner's Guide To ScottradeELITE Online Trading - Advanced Features

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

Related Articles
  1. Investing

    Beginner's Guide To ScottradeELITE Online Trading

    Learn how to build your investments with Scottrade's advanced online trading platform.
  2. Insights

    How Nasdaq Makes Money

    NASDAQ provides a marketplace which offers money-making opportunities to investors. Investopedia explains how NASDAQ makes money.
  3. Insights

    Understanding NASDAQ

    NASDAQ is an acronym that stands for the National Association of Securities Dealers Automated Quotation system.
  4. Investing

    How Nasdaq Continues To Innovate

    For centuries, a stock market was a physical arena where buyers and sellers traded shares. Then the NASDAQ opened and changed everything.
  5. Insights

    Nasdaq Goes to Bat for Company Founders

    Jeff Thomas, Nasdaq's head of West Coast operations, outlines why the exchange is making a case for startups.
  6. Insights

    The NYSE and Nasdaq: How They Work

    Learn some of the important differences in the way these exchanges operate and the securities that trade on them.
Frequently Asked Questions
  1. I'm about to retire. If I pay off my mortgage with after-tax money I have saved, I can save 6.5%. Should I do this?

    Only you and your financial advisor, family, accountant, etc. can answer the "should I?" question because there are many ...
  2. My wife and I both converted our Traditional IRAs to Roth IRAs over a decade ago and have invested the maximum allowed each year since. We're buying our first home soon. Do we both qualify for one-time, tax-free, $10,000 distributions?

    You and your spouse each qualify for a penalty-free distribution of up to $10,000 for the purchase, acquisition or construction ...
  3. Is a Thrift Savings Plan (TSP) a qualified retirement plan?

    Take advantage of the government's retirement plan for employees with the Thrift Savings Plan. As with a 401(k), contributions ...
  4. Who manages the assets in a Roth 401(k) account?

    Learn how to personally manage the assets in your Roth 401(k) plan and determine the best options available to help meet ...
Trading Center