IG adds more indicators to charts in web platform and mobile app

Maria Nikolova

Bollinger %B and Bollinger Bandwidth have become available on IG’s web platform and mobile app.

Online trading major IG has announced enhancements to its trading platforms. Both Bollinger %B and Bollinger Bandwidth are now available to use on IG’s web platform and mobile app.

Bollinger %B indicator helps traders identify where price is in relation to the upper and lower Bollinger Bands. Bollinger %B allows traders to take readings of divergences that often precede market reversals:

  • A bearish divergence occurs when there are lower highs in %B during an uptrend in price (higher highs);
  • A bullish divergence occurs when there are higher lows in %B during a downtrend in price (lower lows).

The Bollinger Bandwidth gives a reading on the distance between the upper and lower Bollinger Bands. Thus, a low reading could be a sign that volatility is about to rise. Low volatility is often seen as a precursor to a spike in price.

Traders can use the tool in a highly trending market. A fall in volatility is often seen when markets are consolidating, or momentum is building for the next move. A reversal in the direction of the bandwidth can be a sign of a market reversal, as it could mean a recent surge or slump in price is losing momentum.

Image credit: IG Community.

IG has been regularly updating its platforms. In August this year, for example, the brokerage made Heikin-Ashi candles available on the IG trading platform for both desktop and mobile. The IG team explains that this feature has been one of the highly requested additions to charts as these types of candles are commonly used by traders looking at identifying trends visually without the need of complex analysis.

Read this next

Executive Moves

Finalto recruits Antony Parsons as head of liquidity

Finalto, the financial trading division of Gopher Investments, is making a broader push into the liquidity provision space, culminating in a new appointment focused on expanding the business into new markets.

Digital Assets

Huobi introduces Tether’s stablecoins pegged to euro, gold

Huobi, the world’s sixth-largest crypto exchange by trading volume, is set to introduce for its clients two stablecoins representing ownership of physical gold and Euro-pegged tokens.

Retail FX

Saxo Bank reports lackluster volumes for November; FX up 40% YoY

FX trading volumes through Saxo Bank’s platforms improved slightly in November, extending its volatile curve as investors continued to weigh central banks’ policy against concerns over a global economic slowdown.

Executive Moves

CMC Markets taps Finalto’s Julia Free to head UK compliance

CMC Markets PLC (LSE:CMCX) has onboarded Julia Free as its newest head of UK compliance as part of a broader organizational reshuffling at the UK’s biggest spread better.

Digital Assets

Ankr successfully patches hack, will reimburse victims and take actions to prevent further attacks

DeFi protocol Ankr plans to reimburse its affected users after a hacker managed to exploit a bug in its code that allowed for unlimited minting of its liquid staking token.

Industry News

ASIC cancels/suspends AFS license of AFSL Group and Quantum Funds Management

ASIC canceled the AFS license of AFSL Group because it failed to lodge statements and audit reports and it did not maintain AFCA membership. The Australian regulator suspended Quantum because it does not have the required professional indemnity insurance coverage.

Executive Moves

BidX Markets hires Shaun French as Research Analyst – Multi Asset

“We believe with his background in the Financial Markets and being based in Dubai, he will be able to provide our clients with access to outstanding research, while also being in a great location to help support our international clients base which is growing at a rapid pace’’.

Institutional FX

Nasdaq migrates US options exchange to AWS with +10% performance in round-trip latency

Nasdaq has announced the successful migration of the core trading system of Nasdaq MRX – one of its six U.S. options exchanges – to Amazon Web Services (AWS).

Institutional FX

TraditionData launches oil swaps pricing data at a critical time in OTC oil traded markets

TraditionDATA has announced the release of a new proprietary Oil Swap Model (OSM) which brings further visibility into illiquid and opaque oil markets.

<