TradeStation adds five studies to mobile app
The company has added the following studies: VWAP, Momentum, Price Channels, Time Series Forecast, and Moving Average Weighted.
About a week after making improvements to the positions page on its mobile application for iOS devices, online trading services provider TradeStation is ready with another set of enhancements to its mobile solution. This time, fans of technical analysis are most likely to appreciate the novelties.
The latest version (4.1.2) of TradeStation Mobile includes five new popular chart studies that provide even deeper analysis on charts. The company has added the following studies: VWAP, Momentum, Price Channels, Time Series Forecast, and Moving Average Weighted.
The previous couple of updates to the solution have been focused on the positions page. In late April, the broker added multi-selection on positions to the app. This allows users to close option spreads directly from the positions view. The preceding version of the application grouped Options and Futures with the underlying/root symbols. In addition, Open P/L is streaming, and the traders’ total profits are summed to show how their overall portfolio is doing.
The regular updates that TradeStation makes to its mobile applications can be easily explained by the type of clientele the broker is targeting. In a recent FinanceFeeds’ interview, John Bartleman, President of TradeStation, said that in order to expand to a retail audience, web was important. That is why the broker added Matrix, trading news and its Trader Concierge to actively push data to customers.
Talking of how TradeStation targets tech-savvy clients, let’s note that the TradeStation Mobile app for iOS devices has gotten closer to Siri, Apple’s intelligent personal assistant. Siri usually takes care of trivial tasks when iPhone users ask her for assistance with calling or texting. TradeStation Mobile has given traders the ability to get more information about their performance from Siri. For instance, a trader can ask Siri questions like: “Hey Siri, what are my TradeStation Balances?”.
Another of the new tech solutions that TradeStation is working on is the “SandBot”. It is on the list of projects on which TradeStation Sandbox, a fintech accelerator and think-tank program. This is an AI-based chatbot that helps traders find new trading opportunities while keeping them connected to the markets. It allows traders to get the price of a stock, ETF, or futures contract by entering a few key strokes. In addition, SandBot is able to investigate an idea that interests a given trader. The bot produces suggestions and traders get to decide which combination of symbols responds best to their goals.