IG’s web platform gets more tech analysis enhancements

Maria Nikolova

The web trading platform now offers traders to make use of one of the most popular chart patterns in tech analysis: head and shoulders.

Online trading major IG Group Holdings plc (LON:IGG) keeps bolstering the technical analysis features of its new web trading platform.

As a part of the latest enhancements, under the drawing section on the chart, traders get an option to place a head and shoulders drawing. This pattern is one of the most popular in tech analysis. It indicates that the price of a given asset is about to move against the current trend.

The IG team has also added a new feature where a small dot will be created on the open position line to display when the position was created. This one is apparently for fans of precision, as well as for those who like to see a position in context.

Earlier this month, IG introduced another feature that will most likely be appreciated by fans of tech analysis. Thanks to it, traders are able to save settings on drawings by activating a special checkbox. This checkbox permits the subsequent drawings of that type to have the same settings. For Fibonacci drawings, the checkbox also saves the selected ratios.

IG has also added more keyboard shortcuts to its web platform. These include:

  • ESC to dismiss dialogs;
  • ESC to deselect positions/orders/drawings;
  • ENTER to execute the same action as the apply button on a dialog;
  • Up/Down/Left/Right arrows to move drawings (1 pixel at a time).

These add to the list of shortcuts to platform charts introduced in July.

Talking of tech analysis improvements, let’s mention that in May this year, the company responded to client requests by adding Fibonacci extensions to the new platform charts. Traders can access this feature from the drawing tools menu on the new charts.

And last month, the broker added 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 select five points on the chart to form the drawing.

Also, some improvements were made to the Fibonacci drawings and Ichimoku indicators on the charts. On Fibonacci drawings, the last click to place the drawing allows traders to select the length of the drawing on the chart (i.e., how far across the chart the levels are visible). On the Ichimoku indicator, traders were allowed to customise which levels are shown.

The next long-awaited step concerning the new platform should be the addition of new trading instruments, with options being widely anticipated by the broker’s clients, as indicated by IG Community forum comments.

Read this next

Metaverse Gaming NFT

Industry Leaders DER Touristik Online, Lufthansa Group, and Chain4Travel Host First Web3 & Travel Hackathon

DER Touristik Online, Lufthansa Group, and Chain4Travel join forces to organize the travel industry’s first-ever hackathon centered on web3 technologies, delivering innovative prototypes in less than four days.

Retail FX

Revolut misses deadline for filing 2022 financial accounts

British fintech firm Revolut has been granted an extension for filing its 2022 financial accounts, marking the second consecutive year the company has secured such permission. According to Companies House, the UK’s public registry of businesses, the original deadline for filing was September 13.

Retail FX

Traders Union Names RoboForex the Best Forex Broker of 2023

In a recent update, Traders Union has unveiled its highly anticipated ranking of the Best Forex Brokers for 2023, continuing its tradition of providing valuable information to traders.

Digital Assets

PayPal introduces its stablecoin to Venmo users

PayPal has revealed that its PYUSD stablecoin, designed for payments and transfers, is now accessible through Venmo. This stablecoin, fully backed by US dollar deposits and similar assets, provides selected users with a regulated, dollar-denominated digital currency.


Stagflation Speculation: Is the UK Economy Heading for Uncharted Waters?

Amid rising concerns about a potential recession, the term “stagflation” is increasingly being used to describe the UK’s current economic scenario, characterized by conflicting indicators such as high inflation and stagnant growth.

Industry News

Exness Becomes Titanium Sponsor for 6th Annual Forex Expo in Dubai.

Multi-asset broker Exness has been named the Titanium Sponsor for the 6th edition of the Forex Expo in Dubai, further cementing its role as a key player and supporter in the trading industry.

Digital Assets

Mt. Gox victims to wait another year for repayments

Nobuaki Kobayashi, the trustee responsible for managing the assets of the now-defunct Mt. Gox Bitcoin exchange, has announced an extension of the deadline for repaying the exchange’s creditors.


Sumsub launches Non-Document Verification in the UK: Client onboarding in 5 seconds

Sumsub’s partnership with OneID introduces Non-Document Verification, enabling near-instant identity verification through official bank records while ensuring compliance with UK regulations.

Industry News

CFTC fines Advantage Futures $395,000 for 12.8 million unmonitored trades

Collectively, these failures by Advantage resulted in over 12.8 million cleared contracts not being processed or surveilled from July 2018 to June 2022. This accounts for nearly 1.5% of the trading volume by Advantage’s customers during that four-year period.