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Missing Logarithmic Scale


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I've been a trader since 10 years with Saxo but they have recently retired their platform and replaced it with a new one which is quite horrible to use from charting point of view. So I've started looking around and I found IG platform quite efficient with only ONE thing missing. Logarithmic scale. How can a modern platform like this one misses such an important feature? I've seen some members complaining since 2016 in the forum but nothing has been done. And it's not even hard to do. Without log scale, all commodity charts and long term charts are basically useless because prices go up and down in multiples. Until IG implements this simple but effective option, I cannot possibly use this platform. For personal reasons, I cannot use PRT because it's an installed platform. I need web based. 

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23 minutes ago, tttigra said:

I've been a trader since 10 years with Saxo but they have recently retired their platform and replaced it with a new one which is quite horrible to use from charting point of view. So I've started looking around and I found IG platform quite efficient with only ONE thing missing. Logarithmic scale. How can a modern platform like this one misses such an important feature? I've seen some members complaining since 2016 in the forum but nothing has been done. And it's not even hard to do. Without log scale, all commodity charts and long term charts are basically useless because prices go up and down in multiples. Until IG implements this simple but effective option, I cannot possibly use this platform. For personal reasons, I cannot use PRT because it's an installed platform. I need web based. 

HI, the platform is still relatively new and additional features are being added regularly, the addition of the percentage scale was one such. Perhaps @JamesIG could add your request to the 'to do' list if it's not already on it. 

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Guest closer

I have also been telling IG for years about log scale charts and they just don't listen. its not even on their old platform or iOS app. like the original poster above said others have been asking since 2016 so asking to put it on the to do list when it "should" be already on it and is pointless. Ig needs to employ real traders to be in the design and implementation team. If they did then these glaring embarassing mistakes "and theirs plenty believe me" wouldn't happen or be fixed quickly.

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1 hour ago, Guest closer said:

I have also been telling IG for years about log scale charts and they just don't listen. its not even on their old platform or iOS app. like the original poster above said others have been asking since 2016 so asking to put it on the to do list when it "should" be already on it and is pointless. Ig needs to employ real traders to be in the design and implementation team. If they did then these glaring embarassing mistakes "and theirs plenty believe me" wouldn't happen or be fixed quickly.

Certainly the more people who request log scale the more likely it is to be incorporated and it's also better when using the forum to tag someone who would be able to carry that request forward, which was the main reason for my post.

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2 hours ago, Caseynotes said:

HI, the platform is still relatively new and additional features are being added regularly, the addition of the percentage scale was one such. Perhaps @JamesIG could add your request to the 'to do' list if it's not already on it. 

Hi @JamesIG,

Are there really any plans to implement log scale into IG platform?

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On 03/07/2019 at 14:32, JamesIG said:

I don't believe so, however I've reached out to our Charts product owner and I'll get back with a more conclusive answer. 

Hi James,

Any news on the log scale? I'm about to change brokers and I need to know if log will be implemented. If you look at any professional charting platform, log scale is standard. 

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James why oh why does it take loads of users to alert IG to this when its a BASIC ESSENTIAL TOOL for correct technical analysis not a fancy add on or luxury. This should have been included on the initial release. Another reason why IG needs to employ real chart technicians into the design team. IG has at least one presenter who has done the STA course, are you saying he hasn't even alerted you to this glaring omission ?

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Our charts team sort prioritization by a number of things - most notably on feedback from clients. Unfortunately whilst it may be very important for some, when you look holistically at the client base it isn't requested as much as you would like.

We collate feedback from 200,000 clients all over the world and at this stage it doesn't seem as highly requested as other features. Even on Communities 34,000 posts it's only been noted maybe twice in over 4 years? Furthermore, there are other things which come into consideration - technical requirements, cost benefit analysis, whether or not we have the option on a different charting package etc. 

Whilst you can't get log scales on IG charts, you can on ProRealTime which may be worth investigating (via PRT settings). Hope this helps.

log.png

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"Useful long term but not a trade indicator"    This is Bitcoin's long term chart with and without log scale. You may be a short term trader but most investors and long term traders see value in these long term trends. 

download (1).png

download.png

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  • 4 weeks later...

Guys,

IG is an execution platform, and a good one at that. If you're a decent trader you'll realize charting isn't its function- especially at the retail rates IG is priced at. I suggest investing in a bespoke charting tool if you really need such detail in charts i.e Tradingview, TC2000 etc. Log Scale charting probably isn't that high a priority for a broker!!



 

Edited by AleksL
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AleksL Im afraid I don't agree for many reasons but I won't drag this on. But as for Tradingview yes I would love if IG finally allowed its customers to link into Tradingviews API platform like other brokers have done and more will join no doubt. That way we can trade with IG quotes and prices but through TW charts and platform. This is yet another request I put in long ago but they've ignored so far. Lets hope the team push this on to the management team. actually I think im going to post this as a new request thread

This API is to be implemented by the Brokers in order to connect their backend systems to TradingView, that acts as a frontend. https://uk.tradingview.com/rest-api-spec/

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