Beginner's Guide To ScottradeELITE Online Trading - Advanced Features
  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

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

  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


RELATED TERMS
  1. Markdown

    The difference between the highest current bid price among dealers ...
  2. Catalyst

    A catalyst in equity markets is a revelation or event that propels ...
  3. Investing

    The act of committing money or capital to an endeavor with the ...
  4. Bid Wanted

    An announcement by an investor who holds a security that he or ...
  5. Hindsight Bias

    A psychological phenomenon in which past events seem to be more ...
  6. Paper Trade

    Using simulated trading to practice buying and selling securities ...
RELATED FAQS
  1. What is finance?

    "Finance" is a broad term that describes two related activities: the study of how money is managed and the actual process ... Read Full Answer >>
  2. What is the 'Rule of 72'?

    The 'Rule of 72' is a simplified way to determine how long an investment will take to double, given a fixed annual rate of ... Read Full Answer >>
  3. What is a stock split? Why do stocks split?

    All publicly-traded companies have a set number of shares that are outstanding on the stock market. A stock split is a decision ... Read Full Answer >>
  4. How do I place an order to buy or sell shares?

    It is easy to get started buying and selling stocks, especially with the advancements in online trading since the turn of ... Read Full Answer >>
  5. Is there a difference between financial spread betting and arbitrage? (AAPL, NFLX)

    Financial spread betting is a type of speculation that involves a highly leveraged derivative product, whereas arbitrage ... Read Full Answer >>
  6. What does a high turnover ratio signify for an investment fund? (KNOW)

    If an investment fund has a high turnover ratio, it indicates it replaces most or all of its holdings over a one-year period. ... Read Full Answer >>
Hot Definitions
  1. Flight To Quality

    The action of investors moving their capital away from riskier investments to the safest possible investment vehicles. This ...
  2. Discouraged Worker

    A person who is eligible for employment and is able to work, but is currently unemployed and has not attempted to find employment ...
  3. Ponzimonium

    After Bernard Madoff's $65 billion Ponzi scheme was revealed, many new (smaller-scale) Ponzi schemers became exposed. Ponzimonium ...
  4. Quarterly Earnings Report

    A quarterly filing made by public companies to report their performance. Included in earnings reports are items such as net ...
  5. Dark Pool Liquidity

    The trading volume created by institutional orders that are unavailable to the public. The bulk of dark pool liquidity is ...
Trading Center