8 New Ways to Use ScottradeELITE:
1. Layouts get a new look and location.
- A new Layouts tab, located at the top of the screen, replaces the
Layout Manager windows. Accessing a layout is designed to be
easier, faster and more intuitive than ever.
- From the Layouts tab menu, you can view or select the following
- Create a new layout.
- Load a preset layout from the layout list.
- Save a layout.
- Rename a layout.
- Set a specific default layout from the list or choose to always
load the last-used layout as your default layout.
- Delete a layout.
- Right-click on a specific tab to move, rename or close that tab.
Note: ScottradeELITE retains 200 layouts maximum.
2. Choose to receive an updated version of
ScottradeELITE now or later.
- Place trades at market open without waiting for a download to finish.
- When a new version of ScottradeELITE is released, you can accept or
postpone the update.
- For delayed updates, the download is required at 6 p.m. ET the day
following the release.
3. Calculated symbol quoting and charting.
Use this powerful new feature to consolidate several different symbols
together using operators such as addition, subtraction or division and
view them as a single streaming quote or chart.
There are several types of calculated symbols:
- Ratio divides one symbol by another using the colon character.
- Pair subtracts one symbol from another using the minus character.
- Consolidated (additive) adds the sum of up to 10 symbols using the
plus character. (SYMBOL1+SYMBOL2+SYMBOL3)
Calculated symbols are also supported when charting multiple symbols.
Just use a comma to separate the symbols as you would when charting
You can enter calculated symbols in the Charts, Watch Lists and
Detailed Quote windows.
The new feature allows you to monitor quotes, and view price data on
charts in an expanded way. There are multiple ways in which this
feature can help you monitor your investment goals. For example, you
may use the ratio to view relative strength, or the pair when trading a
pairs strategy. You can even use the additive to chart custom
The ratio feature compares two symbols, thus determining which is
performing better at any given point in time. In comparing
symbol A to symbol B by means of a ratio, a rising line would indicate
outperformance by symbol A, whereas a falling line would show
underperformance by symbol A.
This is especially useful when looking for the best performing stocks or
indices. As noted, it is a way to gauge the relative strength of one
symbol versus another, and this resulting relative strength line may
sometimes record new highs (or lows) in advance of a price breakout.
This may signal that a stock is under accumulation or distribution.
Individual stocks can also be compared against an index benchmark such
as the S&P500, or against its own sector. For example, you may wish to
compare a stock’s performance against a market index first, and then
against its own sector to get an objective look at whether or not it’s
keeping up with or underperforming other similar stocks.
Ratio Examples: Symbol1:Index Symbol1:Sector
View the difference between two symbols as a pair by subtracting one
symbol from another, typically done with two symbols that have strong
historical correlation. The resulting spread or net difference can be
tracked as a single symbol, and be traded by going long one stock and
short the other in the known “Pairs Trading” strategy.
Another type of calculated symbol uses the + character to add symbols
together, allowing you to create your own portfolio consisting of as
many as 10 securities.
This portfolio can be charted as a single security, or you may use the
comma to add a benchmark security to see how that portfolio would
have performed against the benchmark.
Other possibilities also include mixing the different types of calculated
symbols to get a more detailed look at relative performance. Several
ratios could be plotted that compare multiple stocks within a
sector – and even an index. You could also compare the various ratio
charts to that index.
4. Add Wilder Volatility Breakout Indicator to your
chart to measure market volatility and plan your
- By measuring the Average True Range (ATR) of a stock or index, this
indicator can help you spot those points when volatility expansion
potentially triggers the start of a new trend.
- When volatility expands and a stock or index breaks out of a trading
range, it frequently signals a change to a period of higher volatility
and a possible directional move.
5. Use the new Web Browser to visit websites
without leaving the platform.
- The browser defaults to the Scottrade® Quotes and Research page,
so you can explore news, analysis and online tools to research your
trades before you buy or sell.
- Save the browser window to your layout to promote a more efficient
Note: ScottradeELITE saves the Web Browser window to a layout. The data inside the browser window cannot be saved to a layout.
6. Redesigned Premium Data Services subscription
wizard streamlines the subscription process.
Now available in Market Depth, an improved workflow offers a more
intuitive subscription activation or subscription change experience.
7. Add a new column to your Positions window to see Today’s Gain or Loss for your equity positions.
- The calculation is based on the gain or loss for your positions since
the previous market close (marked-to-market).
- The Today’s Gain or Loss data point offers another way for you to
track your investments and monitor their market performance.
8. View annual earnings1 for the security you’re
- To show the annual earnings event type, add the Events column to
any of the following windows:
- Watch List
- Detailed Quote
- Top Performers
- To show the Earnings icon in charts, in the main Chart Settings
configuration, select the ‘Show Earnings’ check box. Hover over the
icon to view event details.
- When annual (fiscal year-end) and quarterly earnings occur on the
same date, ScottradeELITE displays both.
Quarterly Earnings data displays in Charts tooltip, and now so does
Annual Earnings as well (see image).
1 Actual earnings do not guarantee future results.
The analytical tools and strategies described in this article are for information purposes only and their use does not guarantee a profit. None of the information provided should be considered a recommendation or endorsement of any specific investment, tool or strategy. The choice to engage in a specific investment, tool or strategy should be based solely on your research and evaluation of risks involved, your financial circumstances and investment objectives. Securities are subject to market fluctuation and may lose value.
Market volatility, volume and system availability may impact account access and trade execution.
Any specific securities, or types of securities, used as examples are for demonstration purposes only. None of the information provided should be considered a recommendation or solicitation to invest in, or liquidate, a particular security or type of security.
Indexes are unmanaged and one cannot directly invest in an index.