Basically i have everything on TDA except level2 for pinksheets and a good screener so i also use EF.
it's pretty much powerful tool because you can adjust it as you like.
Ok, some cool features:
1. Chart looks small? expand it with one click, de-attach it with one click.
2. all tools like chart drawing tools can be turned on and off so u can have maximum view and get rid of the stuff u don't need, here i placed chart drawing on the top left.
3. changing interval never been so easy, just click on interval and use the up and down key pads to change interval (using it with expanded chart)
4. on the bottom right i have time and sales, you can mark it with red and disable the links to other windows, if link turned on then clicking any symbol will display the time and sales for the symbol, if marked as disabled all u need to do is drag&drop the symbol to the T&S window - very easy never seen anywhere else, - same for the chart, u can drop it in there, - same for Level2.
5. watchlist very handy, can make them look diffrent, here i have green ones marked as ones with 20%+ gain.
6. can build custom columns, i.e rsi 1 minute displays all active stocks with 1 minute rsi, if down then 10/30/20 the block turns red, very adjustable.
7. $ volume, another pitcher i added, its only an estimate of the true $ volume available on the EF platform but it is very much accurate, i made it with last_priceXvolume, anything below $10k is kicked out. usually look only into $50k+ if not 100k should be safer.
8. not all the rsi 1 minute chart are being displaed, only the active stocks are.
thats why i have created a custom screener volume active last 5/1 minute basically by "Bar[Volume,5] > 0"
9. watch list easy to handle, remove all symbols at once, copy at once, paste at once, export at once or add a screener to a watch list.
u can copy 1 watch list to another.
you can also use TD screener on their website, pull back all the good hottie stocks that every experienced trader makes it his "pick list" or "radar list" and posts it on HSM to hype the stock - well now you can do that yourself.
you can use TD screener or EF platform to export the stocks u like, insert them into TDA and watch them closely as they move, following $ volume, rsi 1 minute for bottom bouncers, and much else.
another nice feature TDA has in its ticker is instead of number of shares to buy - the $ amount to buy, and it calculates the # of shares based on the cash you are willing to spend, this is good for rapid moving stocks, you can also use the ask as your limit to buy the stock, very easy and everything is live streaming.
Disadvantages:
will not display time and sales history
level 2 has not pinksheets, nasdaq and otcbb is paid service.
what i usually do is power EF 5 minutes after trading, come up with all the hottie stocks $15k volume + 200k shares+ and other cretiria, determine most active traded stocks and hook them up into TDA then continue the TA from that point on, and update the list once every 30mins or so...
how i avoid high risk stocks:
somebody put up a nice stock its all bulish, nice charts and all, high on volume, but low on $ volume, it's only $10,000 traded, that means, 20 trades or less if any person puts $500, it will be more logical if there is 1-2 major buys, and all the rest are small ones, now will you buy into a stock that its liquidity is so low and can drop anytime...? most likley it's a p&d,
$ volume = every traders total amount of cash into the stock.
sorry for the digging
good luck then
it's pretty much powerful tool because you can adjust it as you like.
Ok, some cool features:
1. Chart looks small? expand it with one click, de-attach it with one click.
2. all tools like chart drawing tools can be turned on and off so u can have maximum view and get rid of the stuff u don't need, here i placed chart drawing on the top left.
3. changing interval never been so easy, just click on interval and use the up and down key pads to change interval (using it with expanded chart)
4. on the bottom right i have time and sales, you can mark it with red and disable the links to other windows, if link turned on then clicking any symbol will display the time and sales for the symbol, if marked as disabled all u need to do is drag&drop the symbol to the T&S window - very easy never seen anywhere else, - same for the chart, u can drop it in there, - same for Level2.
5. watchlist very handy, can make them look diffrent, here i have green ones marked as ones with 20%+ gain.
6. can build custom columns, i.e rsi 1 minute displays all active stocks with 1 minute rsi, if down then 10/30/20 the block turns red, very adjustable.
7. $ volume, another pitcher i added, its only an estimate of the true $ volume available on the EF platform but it is very much accurate, i made it with last_priceXvolume, anything below $10k is kicked out. usually look only into $50k+ if not 100k should be safer.
8. not all the rsi 1 minute chart are being displaed, only the active stocks are.
thats why i have created a custom screener volume active last 5/1 minute basically by "Bar[Volume,5] > 0"
9. watch list easy to handle, remove all symbols at once, copy at once, paste at once, export at once or add a screener to a watch list.
u can copy 1 watch list to another.
you can also use TD screener on their website, pull back all the good hottie stocks that every experienced trader makes it his "pick list" or "radar list" and posts it on HSM to hype the stock - well now you can do that yourself.
you can use TD screener or EF platform to export the stocks u like, insert them into TDA and watch them closely as they move, following $ volume, rsi 1 minute for bottom bouncers, and much else.
another nice feature TDA has in its ticker is instead of number of shares to buy - the $ amount to buy, and it calculates the # of shares based on the cash you are willing to spend, this is good for rapid moving stocks, you can also use the ask as your limit to buy the stock, very easy and everything is live streaming.
Disadvantages:
will not display time and sales history
level 2 has not pinksheets, nasdaq and otcbb is paid service.
what i usually do is power EF 5 minutes after trading, come up with all the hottie stocks $15k volume + 200k shares+ and other cretiria, determine most active traded stocks and hook them up into TDA then continue the TA from that point on, and update the list once every 30mins or so...
how i avoid high risk stocks:
somebody put up a nice stock its all bulish, nice charts and all, high on volume, but low on $ volume, it's only $10,000 traded, that means, 20 trades or less if any person puts $500, it will be more logical if there is 1-2 major buys, and all the rest are small ones, now will you buy into a stock that its liquidity is so low and can drop anytime...? most likley it's a p&d,
$ volume = every traders total amount of cash into the stock.
sorry for the digging
good luck then
