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.

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