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Info on technical Indicators, Simple Moving averages


Mpx83

Question

Good morning,

I would like to know how technical indicators are compute, in particular the simple moving averages. I am asking this question because I am slowing migrating to the IG platform and I see some differences between your platform and the others that I am using. Just to give an example, if I consider:

the USD/CAD forex pair

the 200 Days moving average is 1.3172

With other forex brokers the same 200 Days moving average is between 1.3135 and 1.3145

This is a 30 pips difference in the moving average that is difficult to explain for me. At the same the prices are the same, with differences less that 1 pip. 

This is only one example. I have similar differences with other pairs and timeframes

So I am wondering if the computation of moving averages is different or there is something wrong in my platform.

I am currently using a demo account and the web platform on google chrome.

thanks in advance for your help

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5 answers to this question

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4 minutes ago, GavinB said:

Could be Sundays or it could be the price you're using it from. IG uses close price, others might use open/high/low or give the option to choose.

Are you comparing with a platform in particular?

I am also using closing price. I was comparing both with tradingview and ICmarkets.

By the way, if the reason is Sundays, is there any way to change how they are handled?

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