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Calculation accuracy
This is also an obvious point, but it is quite alarming how many people use charts and tools, which are, quite simply, wrong — that is to say, calculated incorrectly. And what’s more alarming is that the end user has no idea and is committing trading funds based on this inaccurate information. So for a system to be perfect, the user must be confident that every chart and tool is calculated and presented correctly. Our development team has spent months checking and re-checking charts against raw calculated data and in the case of Point & Figure, manually drawn charts. Ensuring that a 1-box reversal log scale Point & Figure chart and its corresponding target counts are correct is no mean feat. We have gone back to first principles and original texts where necessary and checked the calculation of all the indicators to ensure they are 100% correct.
Recognise all techniques
Within the discipline of Technical Analysis, there are various schools of thought and techniques. The perfect Technical Analysis system must recognise all these, from basic Technical Analysis to the more advanced Gann Analysis, Wave analysis, Fibonacci analysis and Point & Figure analysis.
Ease of use
When Windows appeared 15 or so years ago, Microsoft told us it would easy to use and the phrase ‘user friendly’ was coined. And indeed it was. We were also told that all applications running in Windows would be user friendly as well and indeed they were and are, to such an extent that they have become ‘user tedious’. A perfect system must be easy to use but not clumsy to use. This means that no matter how many features or tools the system has, no single feature must affect the usability of another. So many systems are designed initially but as new features are added so the usability of the system becomes intolerable. Clicking up and down menu structures is easy but very frustrating when you know what you want to do, but have to progress through menus to do it. So having charts and analysis tools separated and listed in the order that the user wants them in makes for an easy to use but never a tedious to use system. ‘Click minimisation’ is the key to the perfect system.
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