Market Insights

Traders just got a lot more freedom with their accounts, thanks to a new integration with TradingView.

Starting this month, TradeStation clients can place orders on TradingView.com. The new service makes it easier to trade stocks and futures from anywhere. It also provides access to a wide variety of indicators – without needing to log into TradeStation.

Some of the functions include:

• Placing market, stop, limit and stop-limit orders.
• Seeing orders directly on the chart.
• Viewing your positions and existing orders.
• Changing or deleting orders.
• Trading directly from TradingView’s DOM (Depth of Market) tool, which is similar to TradeStation’s popular Matrix function.

TradingView is one of the largest online charting services, with about 10 million users a month. It also lets traders analyze stocks, create custom indicators and exchange ideas with a broad community.

Accessing Your Account

Once clients have a free login to TradingView, they can click on the “Trading Panel” tab at the bottom of the chart. They then select TradeStation and enter their credentials. Account information will securely populate via API and the tab’s name will change.

Clicking on the tab toggles account information up and down. There are sub-tabs for positions, orders, account summary and notifications.

Want to trade a symbol? Click on the “Order Panel” icon again for the order ticket. Price levels for existing orders to buy or sell are shown on the chart. They can also be adjusted by dragging the icon, followed by a confirmation in the Order Panel.

Alternately, use the DOM tool to watch a stock’s price action in a vertical ladder. Clicking on DOM can also generate orders.

That’s the big news for now, but more’s coming. Stay tuned!