IG Index Charts Conundrum

This is a discussion on IG Index Charts Conundrum within the Spread Betting & CFDs forums, part of the Commercial category; PDriver, Closing prices at IG Index (trading platform) and prices at ProFinanceIT (charting platform) don't often match - and I ...

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Old Feb 3, 2011, 10:43am   #16
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Re: IG Index Charts Conundrum

PDriver,

Closing prices at IG Index (trading platform) and prices at ProFinanceIT (charting platform) don't often match - and I believe that ProFinance does not feed in the closing auction price. That may explain the discrepency between ProFinance's and other EoD's charts.
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Old Feb 3, 2011, 11:09am   #17
 
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Re: IG Index Charts Conundrum

you'll find a lot of the other indicators don't match either between charting platforms. some one showed a while back that even some of the algorithms are wrong/incomplete.

as long as the error is consistent then one can work around it.

people will provide those indicators in a form that make them the most money ?

free charts -you get what you pay for.
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Old Sep 3, 2016, 5:47pm   #18
 
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pdriver started this thread As mentioned earlier, I ended up working with a 240 period timeframe.
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Old Sep 20, 2016, 3:25pm   #19
 
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does anyone know if there is a market that allows me to buy/sell the FSTE 100 at or near the official market open price?
I appreciate the FSTE 100 is not really a tradable product per se, and IG's prices are built from the nearest futures price, but this essentially means that when the FTSE opens at 8am, the price I can get from IG's "daily funded" bet can be 30, 40, 50 or more points adrift of the "official" open.

Does a market exist that gives me access to the "real" open price?
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Old Sep 20, 2016, 3:35pm   #20
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This is only theoretically possible, in practice the SB companies restrict their platforms so they are not offering a position so far from the underlying. Have you watched the IG market on the index through the open at 8 to see if you can actually open trades on it at this time?
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Old Sep 20, 2016, 4:35pm   #21
 
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The IG daily charts have Sunday on them because they are actively quoting prices on that day - even though it's only for an hour from 23:00. This will alter the EMAs/MAs/RSIs and just about any other indicator you choose to put on the chart, making them practically useless from an analysis point of view as you are getting a whole candlestick for just one our of trading when the markets are closed...
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Old Sep 20, 2016, 4:39pm   #22
 
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Quote:
Originally Posted by Agentginger View Post
does anyone know if there is a market that allows me to buy/sell the FSTE 100 at or near the official market open price?
I appreciate the FSTE 100 is not really a tradable product per se, and IG's prices are built from the nearest futures price, but this essentially means that when the FTSE opens at 8am, the price I can get from IG's "daily funded" bet can be 30, 40, 50 or more points adrift of the "official" open.

Does a market exist that gives me access to the "real" open price?
Hey now wouldn't that be a great money spinner - look at what IG is quoting and put a trade on at the "open" price (i.e. yesterdays close in most cases) and Bingo - instant profits.

Good luck with that.
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