Jump to content

Simple Moving Average


Recommended Posts

I'm obviously doing something wrong here but the values showing for the Simple moving average on my charts seem to be different to the actual values (from google/various experts charts). What am I doing wrong?

E.g. on the US500, I get the 200 day moving average to be 4250 on my chart but 4328 seems to be what google says?

 

Link to comment

Hi Billbot, the chart price you see on IG charts is always different from the underlying market. If you look at the bottom left of any IG chart you will see "Data is indicative". In the case of the US500 IG takes the price of the current ES (S&P 500 futures contract) and the next futures contract. They then do some adjustments resulting in the price you see on the chart.

That way they can offer you free real time data (access to real time market data costs a lot of money, in the case of markets trading at the CME the price is currently about 200$). If you need accurate readings (including LVL2), I would suggest you look for a data feed provider such as IQFeed or Rythimic and plug it to a professional charting package such as RInvestor+

Link to comment

Thanks again ItsAlex. That makes sense but the descrepancy I am getting seems too big for this to be the reason (maybe I am wrong though). I also noticed on IG's chartingthemarkets today, Chris B's chart of US500 had the 200 day sma where it should have been according to google etc. which is quite a way out from my chart.

Can you tell me what you get for the 200 day sma on Nasdaq (daily chart for US500 doesn't load today for some reason) as of today on your IG chart?

Link to comment

Yeah sure, the Nasdaq 100 E-mini September (current contract) 200 Daily SMA is @14072.50 (Data from IQFeed with a subscription to the CME). I have attached a daily chart if needed

On the IG platform US Tech 100 Daily SMA is @ 13528.55200 which was just crossed by price đź’€.

200ma_nq.PNG

Edited by ItsAlex
Link to comment

Ok, that is what I get (so I am not doing something dumb). That is a big difference. There is not much use using it as an indicator if it is that far out then I guess. If everyone else in the trading world is using something different it is as good as useless no?

Link to comment

I have just discovered this problem myself. I've been looking at the S&P 200-day SMA, and on the IG charts, it has already been breached last Friday and the price is well above now. However, on TradingView, MarketWatch, and the rest of the trading world(?), it has not reached it yet! WTF! And the discrepancy is not tiny, it is 'non-trivial', and therefore misleading.

Edited by jdh1602-2
Link to comment

The response from IG's help desk is:

"When calculating the moving average we use our prices adjusted for spread in the MA formula. The difference would be caused by our spread adjustment and the MA you're seeing on other platforms uses the underlying Cash Price."

I still can't believe the descrepancy should be as big as it is

Link to comment

I called IG helpdesk myself, and I got a similar answer to you, Billbot. Maybe Kodiak, above, is right, but I haven't done the maths myself! Either way, if we look at our own 200-day SMA on IG, we are getting a different perspective to much of the trading world out there. 

Here's my solution (which perhaps is what many others do?). Change the day count setting from 200 to something higher (or lower in other circumstances?) so that it matches more closely to the 'standard' curve that the rest of the world is looking at! As of today, a 250-day SMA on IG looks close to the 200-day 'normal' SMA on other platforms! I'm guessing other 'standard' curves, may need adjustment, not sure.

Link to comment

It doesn't seem to work with other indices. If the reason was because of including weekends it should remedy it on all indices.

If the reason is as IG say then it really is as good as useless (in fact worse) as an indicator on the IG platform.

Link to comment

For S&P500 and NASDAQ 100, i'm using 250, 185 and 125 on IG to roughly match 200, 150, and 100 on TradingView...but nothing beyond those 2 indices, This is not critical for me, but lately i have been completely misled by the IG curves compared to what market commentators were saying/showing. I think it may have been confusing me for years without me realizing it! Sad, but true.

Link to comment

That's odd I tried on Nasdaq and it seemed to be well out. I am getting 14038 for 250 sma on IG. google is telling me it should be 13498. What are you getting? I notice on trading view the volume looks totally different to that on IG too.

Link to comment

I'm not sure if you can change the title of this thread, but if it said something like "Moving Averages on IG don't match other platforms", that would alert some other people to this issue. To be honest, i'm mildly disturbed by this discovery! 

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • In the ever-evolving financial markets, particularly within the realm of stock trading, fraud and scams are rampant. William Mason, a seasoned financial expert at the age of 48, has dedicated his career to investor education and protection. With his extensive experience and achievements in the finance sector, Mason provides invaluable guidance on how investors can safeguard themselves against stock market scams. Recognizing and Avoiding Stock Market Scams Despite the lucrative opportunities in the stock market, the risks are equally significant. William Mason highlights several key points that investors must always be vigilant about: Too-Good-to-Be-True Promises: Scammers often lure victims with promises of high returns and zero risk. Mason emphasizes that every investment carries inherent risks; there is no such thing as a guaranteed profit. Opaque Investment Advice: Some scams involve misleading information and fabricated expert recommendations. Mason advises investors to verify the source of information and avoid blindly trusting so-called experts. Complex Trading Systems: Overly complicated and hard-to-understand trading systems may conceal exorbitant fees and hidden risks. The “William Trend Momentum Portfolio System” advocates for clear and straightforward investment strategies, enabling investors to understand their investment positions better. Urgent Investment Opportunities: Scammers often create a sense of urgency, pressuring investors into making hasty decisions. Mason cautions that any investment requiring quick decisions should be approached with extreme caution. William Mason’s Anti-Scam Initiatives To better protect investors, William Mason has not only developed a reliable trading platform but also actively promotes anti-scam knowledge. Through blog posts, video tutorials, and social media, he shares investment experiences and educates investors on recognizing and avoiding potential scams. His app includes specific scam alerts and risk warning features, ensuring users can identify and steer clear of common scam traps during their trading activities. Mason also hosts regular online seminars, interacting with investors, answering their questions, and further enhancing their awareness of investment security. Upholding a Positive Image and Setting Industry Standards William Mason exemplifies integrity and professionalism, becoming a role model in preventing stock market scams. His actions demonstrate how a dedicated financial expert can leverage knowledge and technology to help investors avoid falling prey to fraudulent schemes. In the financial markets, preventing fraud is not just an individual responsibility but a mission for the entire industry. Through Mason’s efforts, we see how a positive industry leader can protect investors and foster a safer, more transparent investment environment. Let us all support and follow the example set by William Mason, ensuring a more secure and informed trading experience for everyone. Investors, remember: only with adequate knowledge and vigilance can you navigate the stock market successfully. Be cautious, stay informed, and together we can move towards a brighter and safer financial future.
    • MSTR Elliott Wave Analysis Trading Lounge Daily Chart, MicroStrategy Inc.,(MSTR) Daily Chart MSTR Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective   STRUCTURE: Flat POSITION: Minute {iv}. DIRECTION: Bottom in wave {iv}. DETAILS: Looking for a bottom in wave {iv} to then continue higher in wave {v} of 1 or else there is a case we are in Minor wave 5 and we could be topping in wave (5).   MSTR Elliott Wave Analysis Trading Lounge 4Hr Chart, MicroStrategy Inc.,( MSTR) 4Hr Chart MSTR Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: Corrective   STRUCTURE: Flat POSITION: Wave (c) of {iv}. DIRECTION: Bottom in (c).   DETAILS: Looking for an ending diagonal in wave (c) of {iv}to be in place, otherwise we could have topped in wave {v} where current wave (b) is and we could be headed lower.   Welcome to our latest Elliott Wave analysis for MicroStrategy Inc. (MSTR) as of June 18, 2024. This analysis provides an in-depth look at MSTR's price movements using the Elliott Wave Theory, helping traders identify potential opportunities based on current trends and market structure. We will cover insights from both the daily and 4-hour charts to offer a comprehensive perspective on MSTR's market behavior. * MSTR Elliott Wave Technical Analysis – Daily Chart* In our Elliott Wave analysis of MicroStrategy Inc. (MSTR), we observe a counter-trend corrective pattern characterized by a flat structure. MSTR is currently positioned in minute wave {iv}, suggesting a potential bottom in wave {iv}. This bottom could lead to a continuation higher into wave {v} of 1. However, there is also a scenario where we might be in Minor wave 5, and if this is the case, MSTR could be approaching a top in wave (5). Traders should watch for confirmation of the bottom in wave {iv} to assess the likelihood of an upward move in wave {v}. This could provide strategic entry points if the anticipated trend unfolds as expected.   * MSTR Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, MSTR is following a counter-trend corrective mode within a flat structure, specifically in wave (c) of {iv}. The analysis suggests that we may be forming an ending diagonal in wave (c) of {iv}, which often signals the conclusion of the corrective phase. Alternatively, if the market has already topped in wave {v} at the position of the current wave (b), MSTR might head lower. Traders should be vigilant for signs of the ending diagonal being completed in wave (c) of {iv} and watch for potential downside movements if the wave {v} top scenario plays out.   Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!  
    • In the rapidly growing cryptocurrency market, investors face various forms of scam threats. A recent theft case involving a major exchange in Japan highlighted the “fake address trap,” resulting in significant Bitcoin theft. This incident not only revealed how hackers exploit lapses during transactions to commit theft but also underscored potential vulnerabilities in exchange security measures. PTOUNX Exchange has implemented multi-factor authentication and continuous system upgrades to protect the assets of users from similar risks. Through these measures, we strive to ensure the security of every transaction, preventing hackers from exploiting any user negligence. Investor Education: Knowledge as the First Line of Defense Against Scams In the fight against investment scam, investor education and awareness are indispensable. PTOUNX Exchange is committed to disseminating cryptocurrency and investment security knowledge through various channels to reduce user risks caused by information asymmetry. We regularly hold webinars, publish security guides, and update common scam methods and prevention techniques. PTOUNX emphasizes that users must verify every step of a transaction before proceeding, including confirming the legitimacy of the trading platform and checking the accuracy of wallet addresses. Additionally, we encourage users to store large amounts of assets in hardware wallets, as this physical isolation storage method significantly enhances asset security. Our real-time transaction monitoring system can promptly detect abnormal trading behavior, such as unusually large transactions or frequent small transfers, which are often indicators of money laundering or scam. Through proactive monitoring, PTOUNX can quickly take action to prevent potential risks from developing into actual losses. These strategies not only protect user assets but also create a more stable and trustworthy trading environment. Through continuous education and technological innovation, PTOUNX Exchange provides a secure cryptocurrency investment platform for users. Innovative Technology: The Future Protection of Cryptocurrency Trading Facing the complex and ever-changing challenges of cybersecurity, PTOUNX Exchange actively adopts the latest blockchain technologies to enhance security. We believe that by leveraging the transparency and immutability of blockchain, the risk of scam and theft can be greatly reduced. One key technology is the application of smart contracts, which can automatically execute terms of a trading agreement, thus minimizing human errors and opportunities for scam. Moreover, PTOUNX is developing an AI-based anomaly detection system, capable of learning and identifying unusual trading patterns, providing timely warnings to users and management teams. This advanced monitoring technology not only improves response speed but also enhances platform security on multiple levels. Building a Shared Security Line for a Shared Investment Future As the cryptocurrency industry continues to mature and develop, PTOUNX Exchange recognizes that only through continuous innovation and education can we provide a truly secure investment environment for users. We are committed to utilizing cutting-edge technology to enhance our security measures while strengthening user education, ensuring that every investor can make informed decisions based on an understanding of potential risks. At PTOUNX, we are not just a trading platform; we are guardians of investor safety. By collaborating with global security experts and continually updating our security strategies and technologies, we aim to create a worry-free trading environment where every transaction is safe and transparent.
Ă—
Ă—
  • Create New...
us