TradeStation Deepens TradingView Ties With Matrix Functionality

TradeStation Deepens TradingView Ties With Matrix Functionality

TradeStation’s integration with TradingView just deepened thanks to a big technology upgrade.

Clients linking their brokerage accounts to the popular web-based charting service can now get Level 2 quotes on TradingView. That means you’ll be able to see more than just the inside bid and ask prices.

TradeStation clients have enjoyed this functionality for years with the Matrix tool, which shows orders at various levels above and below a stock’s current price. That can help traders identify supply and demand zones.

TradingView’s comparable tool is called DOM, or Depth of Market. It only shows Level 1 normally, but can now pull the data from a linked brokerage account.

TradeStation is the first multi-asset broker to offer this API-based functionality on TradingView. It builds on a relationship that started three months ago when developers flipped the switch on an upgrade letting clients place and track equity orders directly on the charting service.

TradingView chart of Nike (NKE) with Depth of Market and linked TradeStation account.

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David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.