Trade Prospector Features

Trade Prospector is a unique combination of client-side software and backend compute and database engines. Each day after market close, our systems run a battery of complex analytic, projective, and signal generation algorithms and make this information available to traders via the Trade Prospector "front end" (the client-side software component loaded on your PC).

A spectrum of valuable trading information is available to traders via Trade Prospector. Here are some of the functions/features that you'll find in Trade Prospector:

1. A Daytrading Support/Resistance panel which will give you the key intraday price levels to use during the next trading day for each stock you select. We use our unique multi-temporal intraday support/resistance projection algorithms and also identify other key levels of support and resistance and breakpoint boundary levels. Daytraders can use this information to know what the most optimal price levels are for going long at support, closing a long trade on a failure to clear a resistance level, shorting on a penetration of support, closing a short on a bounce off support, and identifying good trailing stop price levels.
2. Both daytraders and option traders can use the Volatility Compression Signal panel to see which stocks are currently undergoing volatility compression. The information presented here identifies each security currently in a compression, what the level of the compression is (4, 6, 10, or more days). Since securities in compression typically make a large move when volatility snaps back to normal - this panel also identifies the target breakout/breakdown price levels that can be used to set buy and sell stops in confirm and capture the resulting breakout or breakdown. Option traders can use buy stops contingent on the underlying to enter call and put positions.
3. The Trending Stock panel presents the list of stocks in descending order of their current trend strength and direction (it also compares it to previous trend strength). You can also use this panel to only look at stocks in an uptrend or downtrend or lookup a particular stock's trend information. This information can be used by traders to modify their trading mechanics (e.g., when the stock is highly trending many traders switch to a trailing stop based on a moving average and/or significant change in the strength of trend). Option traders like to enter positions on highly trending stocks in order to use the trend to leg into zero cost basis spread positions.