Responding to one of the most frequently requested features by our clients, we’ve added new drawing tools to the industry-leading fxTrade Mobile application.
This latest version of OANDA’s native apps for iPhone, iPad, and Android devices – fxTrade Mobile 3.2 – also includes new technical indicators and overlays, additional chart types, and vertical pinch-to-zoom functionality.
In addition to enabling traders to draw trend lines, these drawing capabilities help to identify support and resistance levels and other chart patterns. These features also allow traders to perform advanced technical analysis on currencies and other financial instruments anywhere they roam.
The release of fxTrade Mobile 3.2 speaks to our focus on continuous improvement. In essence, not only are we maintaining our lead in mobile trading capabilities, we’re taking it several steps further by working toward ensuring our mobile apps are at parity with the desktop version of OANDA’s trading platform.
We know from the feedback we’ve received from OANDA’s clients, and from their mobile trading behaviour, that they want a robust platform at their fingertips. They want to be able to do more than merely check on their positions or to take a peek at the latest currency pair spreads -- they want the full desktop trading experience on a mobile device.
Improved technical analysis tools
Designed from the get-go with a sleek user interface that allows for easy navigation and more customizable options to suit traders’ individual needs, our cutting-edge trading app provides advanced charting functionality and full visibility into price action from a single screen.
OnJuly 17, we announced a number of new features to the app with version 3.1 that included new charts (Heikin-Ashi candlesticks, HLC Bars, Ask, Average, Bid, Close), new indicators (Average Directional Index, Commodity Channel Index, Moving Average Convergence/Divergence, Relative Strength Index, StochRSI, Standard Deviation, William %R), and the Ichimoku overlay.
We also added the ability to change the colours of candlesticks and hide empty candles from the settings menu. Further, we added crosshairs to the main graph chart while improving the sliders’ accuracy for use with indicators and overlays.
With version 3.2, traders have drawing capabilities at their fingertips that allow them to create simple trend lines and vectors and draw Fibonacci fans, Fibonacci time zones, and quadrant boxes.
As always, we are focused on delivering the best user experience to our clients, and implementing drawing tools are no exception. We make drawing possible with one tap on the screen – there are no lengthy menus to navigate.
Plus, we enlarged the chart area (when drawing) to provide ample space. The chart is further enlarged when using a mobile phone in landscape mode. Moreover, iPad and Android-based tablet users are able to see up to four charts on one screen – ideal for conducting technical analysis on multiple instruments or over several time periods.
Let your fingers do the trading
fxTrade Mobile 3.2 also includes the Balance of Power indicator for iPhone and iPad users to measure the strength of trades that are dominated by large lot activity (bulls versus bears).
We’ve also added Japanese language support after discontinuing the former fxTrade iPhone app on June 12 that our Japanese customers were using in favour of this more advanced app.
You can expect more features to be added to fxTrade Mobile in the coming months. In the meantime, tell us how you’re using fxTrade Mobile and what other enhancements you’d like to see added to this dynamic app in the comments box below.