IG’s new web platform allows traders to use up to eight Moving Averages

Maria Nikolova

In a further move towards enhancing tech analysis capabilities of its new web platform, IG allows traders to make use of up to eight Moving Averages.

The direction of improvements introduced to the new web platform of electronic trading major IG Group Holdings plc (LON:IGG) seems to be very clearcut: enhancements to technical analysis capabilities. At least, this is what we have seen over the past several months.

Earlier today, IG’s team posted a short update on the latest novelties on the platform and tech analysis is again in their focus. In particular, the enhancements concern the most popular tech analysis indicator – the Moving Average. The platform now enables traders to make use of up to eight Moving Averages. The feature, as the IG team notes, has been requested by a number of the platform users.

Another new “tweak” to the platform concerns the recently added keyboard shortcuts. If traders hide or display open positions or working orders, they will see a confirmation pop up on the chart.

While we are on the topic of tech analysis features, let’s recall that in May this year, IG responded to client requests by introducing Fibonacci extensions to the new platform charts. Traders can access this feature from the drawing tools menu on the new charts.

In July, the broker added an Elliott Waves tool to the new platform charts. It can be found in the drawing menu at the top of the chart, or by right-clicking on a chart. Traders can then pick five points on the chart to form the drawing.

Information about the latest additions to IG’s new web platform is somewhat difficult to find now, as the IG Community, which includes the notices about the releases, is experiencing certain changes. Some of the threads are archived, moved to a new location, whereas designer changes are being implemented too. Meanwhile, the question by one of the forum participants on when the old platform will be taken down is left with no answer.

Read this next

Fintech

Meme stock lawsuit against Robinhood nears resolution

Robinhood’s legal team has reportedly informed a Miami federal court that the settlement with investors suing the company is nearing completion, with expectations for a resolution and dismissal within the next two weeks.

Web3

US arrests Yune Wang for role in 911 S5 botnet scam

A global malware network, linked to the theft of $5.9 billion in Covid relief funds and crypto crimes, has been dismantled, the Department of Justice (DOJ) announced today. The network was also involved in child exploitation, bomb threats, and various cyberattacks.

Digital Assets

US Treasury official clarifies stance on crypto mixing services

The Financial Crimes Enforcement Network (FinCEN) proposed a rule last year to classify convertible crypto mixing as a “class of transactions” with primary money laundering concerns.

Fintech

Robinhood sweetens US crypto offering with trading API

Robinhood has launched a cryptocurrency trading application programming interface (API) for users in the United States. The new API caters to seasoned crypto traders by enabling automated trading strategies, allowing users to react quickly to market movements and trends.

blockdag

After Retik Finance’s 67% Drop, Investors Turn to BlockDAG’s 30,000x ROI Potential to Recover Their Losses

Explore how BlockDAG’s $37M presale is drawing investors while Retik Finance collapses to $0.403.

Digital Assets

Terraform Labs and co-founder Do Kwon reach settlement with SEC

Terraform Labs and its co-founder Do Kwon have reached a “settlement in principle” with the U.S. Securities and Exchange Commission (SEC) regarding a fraud case, according to a court filing on Thursday.

Market News, Tech and Fundamental, Technical Analysis

FTSE 100 Index Technical Analysis Report 30 May, 2024

FTSE 100 Index can be expected to rise further toward the next resistance level 8325.00, which reversed the price earlier this month.

Chainwire

Sui and Atoma Bring the Power of AI to dApp Builders

The integration of Atoma adds new capabilities to Sui’s flourishing developer ecosystem with unique AI-querying capabilities.

<