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IG Indicators Request Poll


MongiIG

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Indicators Request Poll  

197 members have voted

  1. 1. What indicators request are you most interested in that should be added onto the IG trading platform? Take a quick poll vote.

    • Logarithmic Scale
      10
    • Hull Moving Average
      17
    • Client Sentiment
      20
    • Volume at Price
      39
    • Renko
      9
    • Fractals
      8
    • Volume Profile
      28
    • Order Book
      67

This poll is closed to new votes

Your Poll vote matters:

Hello IG Community! We are working towards making IG trading platform indicators developments better to provide a good user trading experience.

Why? We strive to provide our clients with the best trading indicators, therefore your feedback is important to us and we will pass on your feedback to our development team. 

We would appreciate it if you could take part in the poll as we are continuously working on adding more indicators to our IG trading platform to make your trading experience better. 

 

Indicators request options:

Please read the information on all the options below and then vote on what you would like IG to work on offering next.

1. Logarithmic Scale

A logarithmic price scale, also referred to as a "log scale", is a type of scale used on a chart that is plotted such that two equivalent price changes are represented by the same vertical distance on the scale.

Logarithmic price scales are a type of scale used on a chart, plotted such that two equivalent price changes are represented by the same vertical changes on the scale.

They are generally used for the long-term perspective analysis of price changes. They differ from linear price scales because they display percentage points and not dollar price increases for a stock.

 

2. Hull Moving Average

The Hull Moving Average (HMA) is a directional trend indicator. It captures the current state of the market and uses recent price action to determine if conditions are bullish or bearish relative to historical data.

The Hull differs from more traditional trend indicators like the Exponential Moving Average (EMA) and the Simple Moving Average (SMA). It is designed to reduce the lag often associated with those MAs by providing a faster signal on a smoother visual plane.

 

3. Client Sentiment

A sentiment indicator is designed to represent how a group feels about the market or economy. Sentiment indicators gauge market psychology in the form of investor or consumer behavior and beliefs that may influence the market.

When a sentiment indicator is moving in the same direction as what it is analyzing, that typically helps confirm that trend.

Extreme readings on a sentiment indicator may cause some traders to take a contrarian view; for example, "buy when there is fear, sell when there is greed".

Sentiment indicators are used to analyze trends, assets, and the economy from the perspective of the participants involved, instead of just looking at an asset or data point isolation.

 

4. Volume at Price

A price by volume (PBV) chart is a horizontal histogram plotted on a security's chart, showing the volume of shares traded at a specific price level. Often times, price by volume histograms are found on the Y-axis and are used by technical traders to predict areas of support and resistance.

Price by volume charts are used to illustrate high buying and selling interest at specific price levels. They are indicative of price levels over a certain period of time. They are generally used in conjunction with other forms of technical analysis.

 

5. Renko

A Renko chart is a type of chart, developed by the Japanese, that is built using price movement rather than both price and standardized time intervals like most charts are. It is thought to be named after the Japanese word for bricks, "renga," since the chart looks like a series of bricks. A new brick is created when the price moves a specified price amount, and each block is positioned at a 45-degree angle (up or down) to the prior brick. An up brick is typically colored white or green, while a down brick is typically colored black or red.

Renko charts are composed of bricks that are created at 45-degree angles to one another. Consecutive bricks do not occur beside each other. A brick can be any price size, such a $0.10, $0.50, $5, and so on. This is called the box size. Box size can also be based on the Average True Range (ATR).

Renko charts have a time axis, but the time scale is not fixed. Some bricks may take longer to form than others, depending on how long it takes the price to move the required box size. Renko charts filter out noise and help traders to more clearly see the trend, since all movements that are smaller than the box size are filtered out. Renko charts typically only use closing prices based on the chart time frame chosen. For example, if using a weekly time frame, then weekly closing prices will be used to construct the bricks.

 

6. Fractals

The fractal indicator is based on a simple price pattern that is frequently seen in financial markets. Outside of trading, a fractal is a recurring geometric pattern that is repeated on all time frames. From this concept, the fractal indicator was devised. The indicator isolates potential turning points on a price chart. It then draws arrows to indicate the existence of a pattern. The bullish fractal pattern signals the price could move higher. A bearish fractal signals the price could move lower. Bullish fractals are marked by a down arrow, and bearish fractals are marked by an up arrow.

 

7. Volume Profile

Volume Profile is an advanced charting study that displays trading activity over a specified time period at specified price levels. The study (accounting for user defined parameters such as number of rows and time period) plots a histogram on the chart meant to reveal dominant and/or significant price levels based on volume. Essentially, Volume Profile takes the total volume traded at a specific price level during the specified time period and divides the total volume into either buy volume or sell volume and then makes that information easily visible to the trader.

 

8. Order Book

An order book is updated in real time because it’s an important indicator of the market depth – the amount of trades at any given moment – which is why they are sometimes called a ‘continuous book’. Order books can also identify the buyers and sellers behind each individual exchange.

 

 

Feedback-Blog.jpg

Thank you very much for sharing your valuable & useful feedback. Here at IG we want to make sure your suggestions or feedback help shape our direction and future.

We appreciate that the best businesses are built around two-way communication with clients. If you have other feedback or suggestions and time to spare, please write to us and comment on this blog why you picked your indicators request and why not the others. 

We would love to hear from you!

 

All the best - MongiIG

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    • Like 1

    26 Comments


    Recommended Comments



    Re: log scales, Tradingview's charts give the option of displaying price or percentage. Price is often more meaningful in my view.

    • Like 1
    Link to comment
    11 hours ago, 15west said:

    Re: log scales, Tradingview's charts give the option of displaying price or percentage. Price is often more meaningful in my view.

    Hi @15west

    Thank you for your feedback. I will pass your suggestion through to our development team.

    All the best - MongiIG

    Link to comment
    52 minutes ago, Marcus0112358 said:

    Log scale please!

    Hi @Marcus0112358

    Thank you for your feedback. I will pass your suggestion through to our development team.

    All the best - MongiIG

    Link to comment

    Hi I seem a bit late to the party here but I assume that the adding of indicators is an ongoing thing... I have been looking around on charting websites and general forums and seen a lot of people asking for the Mansfield RSI (as popularised by Stan Weinstein) could this be considered?

    • Like 1
    Link to comment
    20 hours ago, Linneyshaw said:

    Hi I seem a bit late to the party here but I assume that the adding of indicators is an ongoing thing... I have been looking around on charting websites and general forums and seen a lot of people asking for the Mansfield RSI (as popularised by Stan Weinstein) could this be considered?

    Hi @Linneyshaw

    Thanks for reaching out. You are not late, you can still submit your vote on the current request list. In regards to the Mansfield RSI, I will pass your suggestion and feedback through to our development team.

    All the best - MongiIG

    Link to comment

    formula for buying selling stock

    Before I unpack this for you, let me tell you about the findings of two economic Nobel Prize winners in behavioral finance.You may have heard about Richard Thaler and Daniel Kahneman. 

    Volatility Quotient   it is not even included among indicators to pick from and it is one of the most important to decide WHEN to enter and When to sound the alarm....! it cost between 2 ~> $ 3000....on other sites.

    Then the 2~nd piece of art 🎨 would be to including in the body of the each candel the AMOUNT of BUYers & SELLers........in real time....! So we don't guess anything since we can se in real who is in control ??? .......Volumes /orderflow.....as the bankster chart looks like !

    Last one Heykenasy Smooth looks nice but not at all so acurate than previous  one.... 

    P.S.: 

    And here are the VQs for some popular stocks and indexes:

    volatility quotient chart

    • Thanks 1
    Link to comment
    9 minutes ago, highft said:

    Volatility Quotient   it is not even included among indicators to pick from and it is one of the most important to decide WHEN to enter and When to sound the alarm

    Hi @highft

    Thanks for reaching out. In regards to the Volatility Quotient, I will pass your suggestion and feedback through to our development team.

    All the best - MongiIG

    Link to comment

    Wish I could have voted for two of the options: Renko AND Hull Moving Average - ASAP please (they combine well together)!

    • Thanks 1
    Link to comment

    Also - please let us adjust the width of the Keltner Channel; ideally also adding the option for two or three channel bands if we wish as well. It's essential for Mean Reversion trading.

    • Thanks 1
    Link to comment
    1 hour ago, Heikin-Ash said:

    Wish I could have voted for two of the options: Renko AND Hull Moving Average - ASAP please (they combine well together)!

     

    1 hour ago, Heikin-Ash said:

    Also - please let us adjust the width of the Keltner Channel; ideally also adding the option for two or three channel bands if we wish as well. It's essential for Mean Reversion trading.

    Hi @Heikin-Ash

    Thank you for your feedback. I will pass your suggestion through to our development team.

    All the best - MongiIG

    Link to comment
    On 19/02/2022 at 00:33, MongiIG said:

     

    Hi @Heikin-Ash

    Thank you for your feedback. I will pass your suggestion through to our development team.

    All the best - MongiIG

    Thanks so much.

    If I'm not being too greedy here, may I ask if there are also any plans for VWAP and/or Anchored VWAP in the future?

    • Thanks 1
    Link to comment
    7 hours ago, Heikin-Ash said:

    Thanks so much.

    If I'm not being too greedy here, may I ask if there are also any plans for VWAP and/or Anchored VWAP in the future?

    Hi @Heikin-Ash

    VWAP is already on the IG web platform.

    image.png

    Anchored VWAP I will pass on your suggestion to our development team.

     

    All the best - MongiIG

    Link to comment

    Thank you; ah yes I see you do have VWAP but I left one important detail out of that request: often the daily VWAP indicator is accompanied standard-deviation bands of adjustable width (3x typically, e.g. 1, 2, and 3 std-devs from VWAP) for picking price extremities to use as trade exits or mean-reversion entry points. Please can you pass that on for me also, and I promise I'll leave you alone now! 🙂

    Cheers,

    Ash

    • Like 1
    Link to comment
    3 hours ago, Heikin-Ash said:

    Thank you; ah yes I see you do have VWAP but I left one important detail out of that request: often the daily VWAP indicator is accompanied standard-deviation bands of adjustable width (3x typically, e.g. 1, 2, and 3 std-devs from VWAP) for picking price extremities to use as trade exits or mean-reversion entry points. Please can you pass that on for me also, and I promise I'll leave you alone now! 🙂

    Cheers,

    Ash

    Hi @Heikin-Ash

    Thank you very much for sharing your valuable & useful feedback. We always appreciate feedback, do not hesitate. I will pass on your suggestion to our development team.

     

    All the best - MongiIG

    Link to comment

    I would like to request for Camrilla pivot as well please. A 2nd choice would be ability to adjust Keltner channel multiplier. 

    • Thanks 1
    Link to comment
    On 19/03/2022 at 15:16, DK_C said:

    I would like to request for Camrilla pivot as well please. A 2nd choice would be ability to adjust Keltner channel multiplier. 

    Hi @DK_C

    Thank you for your feedback. I will pass your suggestion through to our development team.

    All the best - MongiIG

    Link to comment

    Have IG trade directly off TradingView, like some of the other brokers.
    Most indicators as well as custom indicators are already on the TradingView platform.

    • Thanks 1
    Link to comment
    13 hours ago, SuChangeAlley said:

    Have IG trade directly off TradingView, like some of the other brokers.
    Most indicators as well as custom indicators are already on the TradingView platform.

    Hi @SuChangeAlley

    Thank you for your feedback. I will pass your suggestion through to our development team.

    All the best - MongiIG

    Link to comment

    Of the vote options, I guess that the "Order Book" will win but I would really love to see an adjustment to the CCI with a Moving Average overlay - Both fully editable, of course...

    • Like 1
    Link to comment
    4 hours ago, Lady-Jennifer said:

    Of the vote options, I guess that the "Order Book" will win but I would really love to see an adjustment to the CCI with a Moving Average overlay - Both fully editable, of course...

    Hi @Lady-Jennifer

    Thank you for your feedback. I will pass your suggestion through to our development team.

    All the best - MongiIG

    Link to comment

    Hi, while I welcome the opportunity enabled by IG to its customers I think the voting should have allowed selection of at least two priorities. We could have even gone as far as ranking all options from most needed to least. For IG, adding more functions is as costly as adding one or two. However, the enhancement of customer's experience on the platform will pay back quickly. The same applies for the other vote on the chart options. Thank you for the idea though, and we look forward to seeing it implemented soon. Regards,

    • Thanks 1
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    Linear Weighted MA calculated  Bollinger Band or Exponential MA calculated Bollinger Band.

    • Like 1
    Link to comment
    5 hours ago, FHL said:

    Linear Weighted MA calculated  Bollinger Band or Exponential MA calculated Bollinger Band.

    Hi @FHL

    Thank you for your feedback. I will pass your suggestion through to our development team.

    All the best - MongiIG

    Link to comment

    Let the platform save what the user set on the indicators. So if the user temporarily or accidentally remove the indicator, the user only just bring it back and no need to take minutes to change back to his customized settings.

    • Like 1
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