Stocks & Commodities V. 23:11 (70-74): Product Review: tymoraPro by David Penn
Product Description
Stocks & Commodities V. 23:11 (70-74): Product Review: tymoraPro by David Penn
It seems to me there’s a big risk in creating software like tymoraPRO. On one hand, the amount of market information this software provides to traders— especially daytraders and swing traders— is staggering. If there are various trends in technical analysis software development, trends toward flashier and fancier graphics, trends toward greater analysis/brokerage integration, and so on, tymoraPRO definitely represents the notion you can never really know too much about what is going on in the marketplace. As my examples show, the mere fact that tymoraPRO is able to accomplish this “datastorm” without careening out of control or into incoherence is testament enough to the software’s design. On the other hand, because tymoraPRO makes distinctions and discriminations about what sort of technical information is and is not helpful for traders, the software designers run the danger of upsetting those potential customers ready to turn up their noses at a software package that doesn’t feature their precious moving average convergence/ divergence (MACD) histogram, or Fibonacci time series, or stochRSI.
Laugh if you like, but there’s a reason why most standard charting analysis packages come loaded for bear with more indicator options than any trader could possibly (or better, should possibly) attempt to deploy in real-life trading. And it is a reason tymoraPRO implicitly rejects.
It seems to me there’s a big risk in creating software like tymoraPRO. On one hand, the amount of market information this software provides to traders— especially daytraders and swing traders— is staggering. If there are various trends in technical analysis software development, trends toward flashier and fancier graphics, trends toward greater analysis/brokerage integration, and so on, tymoraPRO definitely represents the notion you can never really know too much about what is going on in the marketplace. As my examples show, the mere fact that tymoraPRO is able to accomplish this “datastorm” without careening out of control or into incoherence is testament enough to the software’s design. On the other hand, because tymoraPRO makes distinctions and discriminations about what sort of technical information is and is not helpful for traders, the software designers run the danger of upsetting those potential customers ready to turn up their noses at a software package that doesn’t feature their precious moving average convergence/ divergence (MACD) histogram, or Fibonacci time series, or stochRSI.
Laugh if you like, but there’s a reason why most standard charting analysis packages come loaded for bear with more indicator options than any trader could possibly (or better, should possibly) attempt to deploy in real-life trading. And it is a reason tymoraPRO implicitly rejects.
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