Introducing Robinhood Advanced Charts
The single most requested feature from advanced investors will begin rolling out today
Beginning today, Robinhood is launching new advanced charts, giving all customers customizable, quick, simple and in-depth analysis right in the app. Advanced charts are the number one most requested feature from our active customers, as they provide more information about different assets and help investors find opportunities to enter or exit positions. Advanced charts are beginning to roll out today with broad availability expected to come by early October.
Advanced charts empower all customers to visualize, research, and analyze stock prices to better identify trends and improve trading confidence. More advanced and active traders have a specific need for features that help them make quantitative, analytical decisions rather than, at times, relying on gut feelings.
Our advanced charts provide users with this real-time data to support their investment needs. With a scrubbing feature that allows customers to compare their securities at specific points in time, these charts enable investors to make informed decisions about when to enter or exit a position. Applicable indicators can also be modified based on specific parameters like time period, fast and slow period, and more. At launch, we will offer the following:
- Moving Average (MA): Allows customers to track the price movements of a security over a defined period of time
- Relative Strength Index (RSI): Measures the price momentum of a stock or security
- Volume: Evaluates a stock or security’s bull and bear power by determining which side is in control of price action when it comes to buying vs. selling power
- Moving Average Convergence Divergence (MACD): Shows the relationship between two averages in a stock or security’s price
- Exponential Moving Average (EMA): Tracks the price of a stock or security over time with more weight given to recent price data
- Volume-Weighted Average Price (VWAP): Determines what the average price of a stock or security is based on both price and volume
- Bollinger Bands: Characterizes the price and volatility of a stock or security over time using a formulaic method
While advanced charts are the latest example of how Robinhood is committed to providing the best user experience for our more advanced customers, they can also be a valuable tool for novice investors to help them make more informed decisions on their investments. Since the beginning of the year, we’ve launched several new products and features that benefit our advanced traders. Those include:
- Brokerage Cash Sweep: All eligible brokerage customers earn 1.5% interest* on uninvested cash, helping them put their money to work and earn extra income. This rate went up from 1% to 1.5% just last week.
- Expanded OTC Trading: In July we launched over 300 new American Depositary Receipts (ADRs), which are now available to trade on Robinhood. They can be seen in the Trending List “New OTC securities” right within the app.
- Options Trading in Cash Accounts: Advanced customers with a cash account can trade stocks, ETFs, and now options without worrying about their number of day trades.
- Stock Lending: By enabling stock lending, customers give Robinhood permission to lend out any fully paid stocks in their portfolio. Robinhood does the work of finding interested borrowers, and customers get paid when there’s a match.
- Options Trading Essentials YouTube Series: Because options trading carries significant risk, we launched this educational YouTube series to help people understand the fundamentals.
- Extended Hours Trading: As an important step towards one day offering 24/7 equities investing, we launched new extended hours that allow customers to trade from 7 a.m. to 8 p.m. ET on trading days.
- Shareholder Q&A: Everyone should feel a sense of ownership in the companies they invest in, which is why we launched Shareholder Q&A, powered by Say, directly within the Robinhood app. It enables customers to ask questions to the leaders of the participating companies that they invest in–right within the app.
- Options Rolling: There are a number of reasons a customer might choose to roll an options position, but typically the goal is to extend duration. This allows a customer to close a position (thereby realizing any gains or losses) prior to expiration while establishing a similar position further out in time. Note: you cannot roll options from a cash account.
Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.
Robinhood Financial does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. Supporting documentation for any claims, if applicable, will be furnished upon request.
Keep in mind that technical analysis is only one approach to analyzing financial assets. When considering which assets to buy, sell or hold, customers should use the approach that they’re most comfortable with. Past performance is no guarantee of future results.
The information contained in advanced charts do not purport to present a complete picture of the financial position, activities, results, actions or future performance of any index, security, or asset. Any information provided is intended for educational purposes only and should not be considered investment advice or a recommendation of any security or investment strategy. Robinhood does not endorse or adopt any particular investment strategy or approach to evaluating individual securities or assets. While the information is deemed reliable, Robinhood makes no representations or warranties with respect to the accuracy or completeness of the information provided. Charts are based on various data sources, which may include market data and other information provided by third party information providers. Robinhood does not make any representation or guarantee relating to the accuracy, timeliness, or completeness of charts or any information or data on which they are based. Without limitation, charts may not accurately take into account the impact of events relating to a specific security, for example corporate actions such as stock splits, dividends, mergers and acquisitions, or events relating to your account or portfolio such as charges, deposits, or withdrawals, and may in certain circumstances overstate or understate gains or losses.