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

Once the trader has chosen a layout - either by creating a custom layout or selecting one of the standard layouts - it's time to customize the data and appearance of the windows. Different windows will be displayed depending on the layout selections; dozens of configurations are available. A typical layout may include the Order Entry, Chart, Quote Grid and Positions windows, as shown in Figure 12.

Figure 12 - A sample layout with Order Entry, Chart, Quote Grid and Positions windows.

Chart Time Periods
The charting interval can be changed by clicking on the Time Periods button in the chart's Window Toolbar, shown in Figure 13.

Figure 13 - Traders can change the charting interval by clicking the "Time Periods" button in the Window Toolbar and selecting a new interval.

SEE: Multiple Time Frames Can Multiply Returns

Chart Settings
A chart's properties can be customized by clicking on the Settings button in the chart's Window Toolbar. This reveals a drop-down menu (see Figure 14) from which traders can make selections.

Figure 14 - Click on "Settings" in the chart\'s Window Toolbar to customize the chart.

From here, users can change such features such as the chart style (such as OHLC or Candlestick), or show (or remove) dividends and splits. By selecting "Configure Individual Chart," traders can customize the appearance of the chart, including the colors for various objects (see Figure 15). Make any selections, and click "OK" to close the window.

Figure 15 - From a chart, click the Settings button and then "Configure Chart Settings" to modify the appearance of a chart.

Other windows - such as the Quote Grid or Positions windows - can be similarly customized by clicking on Settings in the appropriate Window Toolbar.

Drawing Tools
Figure 16 shows the drawing tools that are available by clicking on the Draw button in a chart's Window Toolbar. Traders can add to any price chart drawing objects, including Trendlines, Gann Angles, Fibonacci objects and Shapes.

Figure 16 - Click "Draw" in the Window Toolbar to access drawing tools that can be applied to any price chart.

SEE: Top 7 Technical Analysis Tools

Adding Chart Studies
Traders can apply several technical analysis tools to any price chart. ScottradeELITE comes with dozens of popular technical analysis studies, including ADX, Average True Range, MACD, Pivot Points, Stochastics and Volume. To add a study to a price chart, in the chart's Window Toolbar > Studies > Add New Study > [desired study], or right-click on the price chart > Studies > Add New Study > [Study], as shown in Figure 17. The Plot Config dialog box appears. Configure the chart studies as desired and click "OK" to save the study.

Figure 17 - Right-click and select Add New Study to select from a variety of technical indicators to apply to the price chart.

If more than one symbol is on a chart, specific studies can be applied to one symbol by clicking Settings in the chart's Window Toolbar > Set Changeable Symbol > [symbol].

Quote Grid
The Quote Grid (see Figure 18) allows traders to view selected information for numerous symbols, all within one window. A new Quote Grid can be opened from the following path: Main Toolbar > Quotes.

Figure 18 - ScottradeELITE\'s Quote Grid displays any number of trading symbols and a variety of technical and fundamental data.

The Quote Grid window appears with all fields blank. An unlimited number of symbols can be entered into the Quote Grid, along with customizable fields. Click Symbols Lists from the Window Toolbar to create or modify lists. Click Settings to customize visual settings, such as grid background color, or tailor the fields that appear within the Quote Grid, as shown in Figure 19.

Figure 19 - Traders can customize the fields that appear within the Quote Grid window.

To customize the fields, highlight the desired field in the "Available" column and either double-click or press the right arrow button to send the field to the "Selected" column. Conversely, remove a field by double-clicking it in the "Selected" column, or by using the left arrow to send it back to the "Available" column. Click "OK" to close the window. The new fields will now appear in the Quote Grid window. Beginner's Guide To ScottradeELITE Online Trading - Trading

Related Articles
  1. Trading

    Beginner's Guide To ScottradeELITE Online Trading - Trading

    Traders and investors can use the ScottradeELITE platform to place orders for stocks, ETFs and options. Placing a Stock or ETF OrderThe ScottradeELITE Order Entry window is where orders to ...
  2. Trading

    Beginner's Guide To NinjaTrader: Charts and Settings

    Opening a New ChartNew price charts can be opened from the Control Center by clicking on "File"> "New"> "Chart."The Data Series window appears. Double-click on an instrument so that it appears ...
  3. Trading

    Beginner's Guide To MultiCharts Trading Platform: Charts And Settings

    MultiCharts supports many different data providers, and more are added with each new release of the platform. Traders can use one, two or several data sources at the same time. Each data vendor ...
  4. Trading

    Beginner's Guide To MultiCharts Trading Platform: MultiCharts Application Window

    Upon successful installation, traders can double-click on the icon to launch the program. The MultiCharts Application Window will appear, consisting of Toolbars, Workspaces and Windows. ToolbarsToolbars ...
  5. Trading

    Beginner's Guide To MetaTrader 4: Basic Navigation

    By Jean Folger MetaTrader Navigation/Main WindowBy default, MT4 opens with four chart windows, each representing a different currency pair. The toolbars, populated with many icons, are located ...
  6. Trading

    Intermediate Guide To MetaTrader 4 - Charts And Settings

    Price charts are a trader's portal to the markets, and should be clean and easy to analyze at a glance. MT4's price charts can be customized to reflect each trader's style and color preferences, ...
  7. Trading

    Beginner's Guide To Fidelity's Active Trader Pro: Charts And Settings

    Charts can be customized to suit each trader's individual needs and preferences. To open a chart, from the Main Menu select "Tools" and then "Charts." From here, traders can choose "Symbol Lookup" ...
  8. Trading

    How To Place A Trade With MetaTrader 4 - Placing An Order

    Opening the Order Window The MetaTrader 4 Order window is used to place trades. The Order window can be opened using any of the following methods (see Figure 2): 1. Right-click on a currency ...
  9. Trading

    Beginner's Guide To CQG Integrated Client Trading Platform: Charting In CQG IC

    CQG offers a variety of chart alternatives that are fully customizable to suit your needs. Traders can choose the symbol, time frame and appearance for each chart, and can select from more than ...
  10. Trading

    Beginner's Guide To MetaTrader 4: Setting up a Trade

    By Jean Folger Connecting to Data Centers/Live Accounts and Historical DataOnce MetaTrader 4 has been launched, an account opened (even a demo account), and the connection confirmed, traders ...
Trading Center