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

    Why Do Companies Choose NASDAQ for Their IPO?

    The NYSE is known for its prestige so why do some companies opt to list on the NASDAQ instead?
  2. 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.
  3. Insights

    What's The Difference Between The Dow And The Nasdaq?

    The way people throw around the words “Dow” and “Nasdaq” makes them seem synonymous with “the market.” But there are important differences.
  4. Investing

    3 Large-Cap Stocks That Are Still Far From Their Dot-Com Bubble (CSCO, INTC)

    Review three large-cap technology stocks that were among the biggest names in the sector in the dot-com era but are still far from their highs in 2000.
  5. Investing

    The Top 4 ETFs to Track the Nasdaq in 2017

    Investors seeking exposure to the tech sector may want to check out these Nasdaq ETFs.
  6. Investing

    Why PowerShares QQQ Had the Biggest Equity Withdrawal of All Equity ETFs

    Major technology exchange-traded fund PowerShares QQQ Trust suffered $5.4 billion in withdrawals in the first 18 weeks of 2016.
Frequently Asked Questions
  1. What are the Differences Among a Real Estate Agent, a broker and a Realtor?

    Learn how agents, realtors, and brokers are often considered the same, but in reality, these real estate positions have different ...
  2. What is the difference between amortization and depreciation?

    Because very few assets last forever, one of the main principles of accrual accounting requires that an asset's cost be proportionally ...
  3. Which is better, a fixed or variable rate loan?

    A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest ...
  4. What is the 1003 mortgage application form?

    Learn about the 1003 mortgage application form, what information it requires and why this form is the industry standard for ...
Trading Center