Interactive Brokers adds new Technical Indicator Scanners to TWS platform


Online trading services provider Interactive Brokers Group, Inc. (NASDAQ:IBKR) keeps beefing up the functionalities of its Trader Workstation (TWS) platform.

LeapRate has already informed you of a number of additions (currently in beta) coming in the platform’s build 956, such as Daily P&L Alerts on Positions, and, more recently, a new group of columns labeled “Technical Indicator”.

The latest additions are related to the Technical Indicator columns.

The broker has added a group of real time Advanced Market Scanners for product-based EMAs, price crossing EMAs, or EMA(20) crossing EMA(200). For these scanners, the company supports 20, 50, 100, and 200 period EMAs. (EMA stands for Exponential Moving Average).

New Market Scanners are available as Advanced Market Scanners, and all EMA and Price/EMA are available in Mosaic Market Scanners.

The lineup of Scanners currently includes:

  • EMA (ascending and descending sort), for 20, 50, 100 and 200 period EMAS.
  • Price/EMA (ascending and descending sort) for 20, 50, 100 and 200 period EMAS, calculated using (Last Price – EMA)/EMA.
  • Bullish Price/EMA for 20, 50, 100, 200 period EMAs calculated using (Last Price – EMA)/EMA but only shows items where yesterday’s value was on the “other” side.
  • Bearing Price/EMA for 20, 50, 100, 200 period EMAs calculated using (Last Price – EMA)/EMA but only shows items where yesterday’s value was on the “other” side.
  • Bullish Price EMA (20)/EMA (200) calculated using (EMA (20) – EMA (200))/Last Price, but only shows items where yesterday’s value was on the “other” side.
  • Bearing Price EMA (20)/EMA (200) calculated using (EMA (20) – EMA (200))/Last Price, but only shows items where yesterday’s value was on the “other” side.

To add an Advanced Market Scanner, one simply has to use the Classic TWS interface: from the Analytics Menu select Advanced Market Scanner. To use Mosaic Market Scanners, from the Mosaic Monitor panel click the “Add Tab” icon and select Mosaic Market Scanner.

The broker notes that these data points are also available as columns so that traders can see these values for products in watchlists and portfolios, and in any other tools Interactive Brokers offers.

To find out more information about Interactive Brokers’ TWS platform, click here.

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Interactive Brokers adds new Technical Indicator Scanners to TWS platform

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