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Duration: 7:53

Level: Beginner

This lesson will explore IB TWS’ Quote Details & Charts. Learn how to: Launch multiple tools – Order Wheel, Option Chains and BookTrader. Adjust the time periods and bar style on the Chart. View position, fundamental and volatilities for the selected instrument. Create orders and view news, research and reports.

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Study Notes:

IBKR Mobile Quote Details screen displays in-depth data and a customizable chart for a selected instrument. You can get to a Quote Details page from the Watchlist, Portfolio, Scanner and any page that displays a market data line for an instrument.

To view Quote Details from a Watchlist:

Tap an instrument data line.

Then, tap again to view the full Quote Details screen.

At the very top of the screen you’ll see the financial instrument displayed. Use the up and down arrows to scroll through the instruments on your watchlist. Watch what happens when I tap the down arrow, you’ll see that I am now viewing the next instrument on my watchlist.

Below the financial instrument you’ll see several quick links, tap Plus (+) to add an instrument to your watchlist.

Next, you’ll see that you can trade the instrument via the Wheel. The Wheel displays order details in the large center pane, with price selections to the left and size selections to the right. The Wheel can only be viewed in landscape mode. We’ll take a look at the functionality of the Wheel in more detail in a following lesson.

Back at the top of the Quote Details screen, you can also trade the instrument using Book, which will bring up the BookTrader tool. BookTrader allows you to rapidly enter orders from a deep book window. You can use BookTrader to view a price ladder and to quickly submit buy/sell orders or create more complex buy/sell orders with profit taker, stop loss and bracket components. We’ll take a look at BookTrader in more detail in a following lesson.

Tap Options to view option chains for equities and futures that support options, including index options. You can view chains by expiry. Note that calls are on the left, strike down the center and puts on the right. Tap a row to add it to your watchlist, create an order and even open the Strategy Builder by using the slider to create complex and multi-leg strategies.

Next to Options is Spreads. This will open up a new spread template tool. Tap the arrow to set-up a calendar, vertical or diagonal spread. Below the quick links is the name of the financial instrument, exchange, and last traded price. Change value and change percentage are shown in either red or green based on directional movement. Today’s high and low are to the right, with bid and ask information directly below.

You’ll see a chart in the center of the screen. You can easily switch to another time period by tapping the time period button. Tap the setting gear icon to modify all the chart settings, including bar type and size, time period, and more. Tap the Market Data row or arrow (below the chart) to expand and view the open, close, 52-week high, 52-week low, volume, implied and historical volatility, EPS, P/E, Dividends and Dividend Yield.

If you have a position for this instrument you will see a Position section next. To view your position in the instrument, tap the arrow on the right. Here you’ll see the P&L, whether you’re long or short, along with market value, average price, cost basis, realized and unrealized P&L. Tap Close Position to close all or a portion of your position.

Below the position information, you can access Ask iBot. IBot uses natural language processing and voice recognition, which means you just speak your command and you’re done. With iBot, you can retrieve more information, such as upcoming dividend dates, corporate earnings, economic events and more. Below the Ask iBot section, you can view the latest news, research and reports. Click on a link to read the article or report.

Lastly, tap the blue ball with the arrows to view the Sell or Buy buttons to create an order using the Order Ticket. If you are logged in using Read Only mode, you will be asked to complete the login process. We’ll walk through all of the order parameters in a following lesson.

To go back to the Watchlist, Portfolio or Scanner simply tap the arrow on the top left. Or, you can swipe right to see the full menu open. As you can see the Quote Details screen is packed with a lot of information and it’s designed with quick access in mind.

Using Charts

You can view a thumbnail chart on an expanded quote line from the Watchlist, Portfolio or Scanner screens. When you tap the quote line you’ll see the Quote Details screen display. This is where you view the full chart in either portrait or landscape mode. Turn your device on its side to view the chart in landscape mode. Tap the time period at the top of the chart to change the time period. You can tap from 2 hours to 5 years.

Once you change the time period – all subsequent financial instruments will display this time period. Prices are on the y-axis and date and time on the x-axis. The date and time will change based on the time period of the chart. If you tap and hold on the chart, you’ll see a data point with crosshairs on the chart showing the price and date at the top.

If you have added studies, you will see a snapshot of the study information as well. By swiping to the right on a chart, you can see more data going back in time and the date and time on the x-axis will update accordingly. Tap the Settings Gear icon to modify all chart settings including bar type and size, time period, outside RTH trades, volume chart, annotations and Indicators. Use the green slider to toggle these settings. If I change the bar type to candlesticks at the top, time period to 1 year and turn on the volume chart, you will see it immediately in the chart. These settings are applied to all charts within IB TWS.

To add studies to your chart, tap Plus (+) Add Indicator. You can view studies by groups or in sorted order. When you choose sorted, a text box will appear so that you can search for a study. Let’s tap Groups. If I tap Momentum Studies and scroll up, I can see a full list of studies based on this type. For this example, I’ll select Relative Strength. The indicator section now displays a list of items that may be adjusted, for example Source – trades or midpoint and period. You can enter a new timeframe or use the Plus (+) and Minus (–) icons to increase or decrease the range. Click on the arrow icon to choose from a list of periods. The chart updates automatically as you make the changes.

At the bottom, you can tap the trash can icon to remove the indicator or tap Plus (+) Add Indicator to add another study. In the next example, I’ll select Moving Averages. Once again, swipe up to see the different studies for this type. I’ll choose Bollinger Bands. Now you will see Bollinger Bands in the indicator section. Bollinger Bands has defaulted to a source of Trades, Extended Moving average with a period of 20 and deviation of 2. I can change any of these inputs simply by tapping on the word or arrow: Trades and Midpoint, Base Average, Period and Standard Deviation. You’ll see a short explanation of the study below the inputs and you can choose to remove or add another indicator at the bottom.

When you’re finished adding indicators, tap anywhere outside of the studies area. Now, you’ll see the studies display on the chart and you can easily change the time periods at the top of the chart and the studies will automatically adjust. If you want to turn off a study temporarily, tap the settings gear again, and then just tap the checkbox to uncheck. To turn off all studies use the slider next to indicators and slide left.

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Supporting documentation for any claims and statistical information will be provided upon request.

Any stock, options or futures symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

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