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Info on technical Indicators, Simple Moving averages


Guest 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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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?

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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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@Mpx83

Not at the present, but there is a way for you to check if that's the issue. Go to PRT (ProRealTime) and check the moving average with Sunday data removed (I believe it is possible there).

Then you can see whether that is the issue or not!

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