Difference between revisions of "Timeline of technical analysis"
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| 1688 || || Concept Introduction || Joseph de la Vega publishes "Confusion of Confusions," describing techniques to predict stock price movements.<ref name="composer.trade"/><ref name="quantifiedstrategies.com">{{cite web | title = The History of Technical Analysis | url = https://www.quantifiedstrategies.com/the-history-of-technical-analysis/ | website = Quantified Strategies | access-date = 2024-06-26}}</ref> | | 1688 || || Concept Introduction || Joseph de la Vega publishes "Confusion of Confusions," describing techniques to predict stock price movements.<ref name="composer.trade"/><ref name="quantifiedstrategies.com">{{cite web | title = The History of Technical Analysis | url = https://www.quantifiedstrategies.com/the-history-of-technical-analysis/ | website = Quantified Strategies | access-date = 2024-06-26}}</ref> | ||
+ | |- | ||
+ | | 18th century || || Candlestick chart patterns developed || In Edo-period Japan, Munehisa Homma, a rice trader, develops candlestick chart patterns and produces writings like The Fountain of Gold—The Three Monkey Record of Money.<ref name="winton.com">{{cite web | title = Reading Between the Lines | url = https://www.winton.com/news/reading-between-the-lines | website = Winton | access-date = 2024-06-26}}</ref> | ||
|- | |- | ||
| 1710 || || Futures Market || Establishment of rice futures market in Osaka, Japan, where technical analysis techniques like candlestick charting are used.<ref name="quantifiedstrategies.com"/> | | 1710 || || Futures Market || Establishment of rice futures market in Osaka, Japan, where technical analysis techniques like candlestick charting are used.<ref name="quantifiedstrategies.com"/> | ||
|- | |- | ||
| 1724-1803 || || Development of candlestick charting || Homma Munehisa, a Japanese rice trader, fathers candlestick charting.<ref name="howthemarketworks.com"/> | | 1724-1803 || || Development of candlestick charting || Homma Munehisa, a Japanese rice trader, fathers candlestick charting.<ref name="howthemarketworks.com"/> | ||
+ | |- | ||
+ | | 1730 || || Rice futures trading begins || Rice futures start trading on the Dōjima Rice Exchange in Japan.<ref name="winton.com"/> | ||
|- | |- | ||
| 1755 || || Publication || Homma Munehisa writes "The Fountain of Gold," describing early forms of technical patterns and human emotion in trading.<ref name="quantifiedstrategies.com"/> | | 1755 || || Publication || Homma Munehisa writes "The Fountain of Gold," describing early forms of technical patterns and human emotion in trading.<ref name="quantifiedstrategies.com"/> | ||
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| Late 19th century || || Theory Development || Charles Dow begins correlating market patterns with the Dow Jones Industrial Average, laying the groundwork for technical analysis.<ref name="investopedia.com">{{cite web | title = Pioneers of Technical Analysis | url = https://www.investopedia.com/articles/financial-theory/10/pioneers-technical-analysis.asp | website = Investopedia | access-date = 2024-06-26}}</ref><ref name="composer.trade"/> | | Late 19th century || || Theory Development || Charles Dow begins correlating market patterns with the Dow Jones Industrial Average, laying the groundwork for technical analysis.<ref name="investopedia.com">{{cite web | title = Pioneers of Technical Analysis | url = https://www.investopedia.com/articles/financial-theory/10/pioneers-technical-analysis.asp | website = Investopedia | access-date = 2024-06-26}}</ref><ref name="composer.trade"/> | ||
+ | |- | ||
+ | | Late 19th century || || Dow Theory || Charles Dow develops stock price averages to study market movements and lays the foundation of Dow Theory.<ref name="winton.com"/> | ||
+ | |- | ||
+ | | 1902 || || Dow Theory expanded || After Charles Dow’s death, his followers expand on his ideas and develop chart-based trading strategies.<ref name="winton.com"/> | ||
|- | |- | ||
| Early 20th century || || Dow Theory Expansion || William Hamilton refines Dow Theory, explaining market trends using a metaphor of ocean waves.<ref name="quantifiedstrategies.com"/><ref name="investopedia.com"/> | | Early 20th century || || Dow Theory Expansion || William Hamilton refines Dow Theory, explaining market trends using a metaphor of ocean waves.<ref name="quantifiedstrategies.com"/><ref name="investopedia.com"/> | ||
+ | |- | ||
+ | | Early 20th century || || Use of ticker tape || Traders like Jesse Livermore use ticker tape to track market prices and anticipate market movements.<ref name="winton.com"/> | ||
|- | |- | ||
| 1920s-1930s || || Books on technical analysis || Richard W. Schabacker writes books continuing the work of Charles Dow and William Peter Hamilton.<ref name="howthemarketworks.com"/> | | 1920s-1930s || || Books on technical analysis || Richard W. Schabacker writes books continuing the work of Charles Dow and William Peter Hamilton.<ref name="howthemarketworks.com"/> | ||
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| 1935 || March 13 || Market Prediction || Ralph Nelson Elliott predicts the market bottom using Elliott Wave Theory.<ref name="quantifiedstrategies.com"/><ref name="investopedia.com"/> | | 1935 || March 13 || Market Prediction || Ralph Nelson Elliott predicts the market bottom using Elliott Wave Theory.<ref name="quantifiedstrategies.com"/><ref name="investopedia.com"/> | ||
+ | |- | ||
+ | | 1938 || || Gartley’s annotations || H.M. Gartley publishes intricate annotated charts to educate readers on common features of trends.<ref name="winton.com"/> | ||
+ | |- | ||
+ | | 1940s || || Founding of the first hedge fund || Alfred Winslow Jones founds the first hedge fund and advocates surfing the market’s mood swings.<ref name="winton.com"/> | ||
|- | |- | ||
| 1946 || || Elliott Wave Theory || Elliott publishes his book with Charles J. Collins, officially introducing the Elliott Wave Theory.<ref name="quantifiedstrategies.com"/> | | 1946 || || Elliott Wave Theory || Elliott publishes his book with Charles J. Collins, officially introducing the Elliott Wave Theory.<ref name="quantifiedstrategies.com"/> | ||
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| 1948 || || Publication || Robert D. Edwards and John Magee publish "Technical Analysis of Stock Trends".<ref name="howthemarketworks.com"/> | | 1948 || || Publication || Robert D. Edwards and John Magee publish "Technical Analysis of Stock Trends".<ref name="howthemarketworks.com"/> | ||
+ | |- | ||
+ | | 1949 || || Futures Inc founded || Richard Donchian founds Futures Inc, the first public managed futures fund, pioneering diversified trend-following strategies.<ref name="winton.com"/> | ||
|- | |- | ||
| Mid-20th century || || Advancement || Introduction of computer technology allows for the development of complex mathematical models and indicators like MACD, RSI, and Bollinger Bands.<ref name="composer.trade"/> | | Mid-20th century || || Advancement || Introduction of computer technology allows for the development of complex mathematical models and indicators like MACD, RSI, and Bollinger Bands.<ref name="composer.trade"/> | ||
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| 1984 || || Championship || Robert Prechter wins the U.S. Trading Championship using Elliott Wave strategy, re-introducing the theory to the public.<ref name="quantifiedstrategies.com"/> | | 1984 || || Championship || Robert Prechter wins the U.S. Trading Championship using Elliott Wave strategy, re-introducing the theory to the public.<ref name="quantifiedstrategies.com"/> | ||
+ | |- | ||
+ | | 1980s || || Introduction of empirical rigor || Michael Adam, David Harding, and Martin Lueck use computers to analyze historical price data, introducing empirical rigor to technical analysis.<ref name="winton.com"/> | ||
+ | |- | ||
+ | | 1990s || || Popularization of candlestick charts in the US || Steve Nison popularizes Japanese candlestick charts in the United States with a series of articles and books.<ref name="winton.com"/> | ||
|- | |- | ||
| Digital age || || Accessibility || Online trading platforms and sophisticated charting software make technical analysis accessible to retail traders. Machine learning and AI open new frontiers in the field.<ref name="composer.trade"/> | | Digital age || || Accessibility || Online trading platforms and sophisticated charting software make technical analysis accessible to retail traders. Machine learning and AI open new frontiers in the field.<ref name="composer.trade"/> |
Revision as of 20:19, 28 June 2024
This is a timeline of technical analysis.
Contents
Sample questions
The following are some interesting questions that can be answered by reading this timeline:
Big picture
Time period | Development summary | More details |
---|
Full timeline
Year | Month and date | Event type | Details |
---|---|---|---|
17th century | Early Form | Traders in the Dutch East India Company plot changes in stock prices, marking the beginning of technical analysis.[1] | |
17th century | Theories begin | Joseph de la Vega’s accounts of the Dutch markets.[2] | |
1688 | Concept Introduction | Joseph de la Vega publishes "Confusion of Confusions," describing techniques to predict stock price movements.[1][3] | |
18th century | Candlestick chart patterns developed | In Edo-period Japan, Munehisa Homma, a rice trader, develops candlestick chart patterns and produces writings like The Fountain of Gold—The Three Monkey Record of Money.[4] | |
1710 | Futures Market | Establishment of rice futures market in Osaka, Japan, where technical analysis techniques like candlestick charting are used.[3] | |
1724-1803 | Development of candlestick charting | Homma Munehisa, a Japanese rice trader, fathers candlestick charting.[2] | |
1730 | Rice futures trading begins | Rice futures start trading on the Dōjima Rice Exchange in Japan.[4] | |
1755 | Publication | Homma Munehisa writes "The Fountain of Gold," describing early forms of technical patterns and human emotion in trading.[3] | |
18th century | Early Form | Japanese rice traders develop candlestick charting, a technique still widely used today.[1] | |
Early 18th century | Candlestick Charting | Homma Munehisa develops candlestick patterns to predict rice prices in Japan.[3] | |
Late 19th century | Dow Theory | Charles Dow studies stock market data, leading to the development of Dow Theory, foundational to modern technical analysis.[3][2] | |
Late 19th century | Theory Development | Charles Dow begins correlating market patterns with the Dow Jones Industrial Average, laying the groundwork for technical analysis.[5][1] | |
Late 19th century | Dow Theory | Charles Dow develops stock price averages to study market movements and lays the foundation of Dow Theory.[4] | |
1902 | Dow Theory expanded | After Charles Dow’s death, his followers expand on his ideas and develop chart-based trading strategies.[4] | |
Early 20th century | Dow Theory Expansion | William Hamilton refines Dow Theory, explaining market trends using a metaphor of ocean waves.[3][5] | |
Early 20th century | Use of ticker tape | Traders like Jesse Livermore use ticker tape to track market prices and anticipate market movements.[4] | |
1920s-1930s | Books on technical analysis | Richard W. Schabacker writes books continuing the work of Charles Dow and William Peter Hamilton.[2] | |
1930s-1980s | Practical Application | Edson Gould makes accurate market predictions and develops indicators like the Senti-Meter, gaining renown as a market wizard.[5] | |
1932 | Publication | Robert Rhea publishes "The Dow Theory," providing further insight into Dow's work.[3][5] | |
1935 | March 13 | Market Prediction | Ralph Nelson Elliott predicts the market bottom using Elliott Wave Theory.[3][5] |
1938 | Gartley’s annotations | H.M. Gartley publishes intricate annotated charts to educate readers on common features of trends.[4] | |
1940s | Founding of the first hedge fund | Alfred Winslow Jones founds the first hedge fund and advocates surfing the market’s mood swings.[4] | |
1946 | Elliott Wave Theory | Elliott publishes his book with Charles J. Collins, officially introducing the Elliott Wave Theory.[3] | |
1948 | Publication | John Magee publishes "Technical Analysis of Stock Trends," establishing comprehensive charting methods for trading.[5] | |
1948 | Publication | Robert D. Edwards and John Magee publish "Technical Analysis of Stock Trends".[2] | |
1949 | Futures Inc founded | Richard Donchian founds Futures Inc, the first public managed futures fund, pioneering diversified trend-following strategies.[4] | |
Mid-20th century | Advancement | Introduction of computer technology allows for the development of complex mathematical models and indicators like MACD, RSI, and Bollinger Bands.[1] | |
1970s and 1980s | Popularization | Chart patterns such as head and shoulders, double tops and bottoms, and triangles, along with Fibonacci retracements, become popular.[1] | |
1984 | Championship | Robert Prechter wins the U.S. Trading Championship using Elliott Wave strategy, re-introducing the theory to the public.[3] | |
1980s | Introduction of empirical rigor | Michael Adam, David Harding, and Martin Lueck use computers to analyze historical price data, introducing empirical rigor to technical analysis.[4] | |
1990s | Popularization of candlestick charts in the US | Steve Nison popularizes Japanese candlestick charts in the United States with a series of articles and books.[4] | |
Digital age | Accessibility | Online trading platforms and sophisticated charting software make technical analysis accessible to retail traders. Machine learning and AI open new frontiers in the field.[1] |
Meta information on the timeline
How the timeline was built
The initial version of the timeline was written by FIXME.
Funding information for this timeline is available.
Feedback and comments
Feedback for the timeline can be provided at the following places:
- FIXME
What the timeline is still missing
- big picture
- Summary by century
- summary by decade (maybe from XX century onwards)
- summary by year (21st century)
- Technical analysis
Timeline update strategy
See also
External links
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "A Short History of Technical Analysis". Composer. Retrieved 2024-06-26.
- ↑ 2.0 2.1 2.2 2.3 2.4 "Technical Analysis". HowTheMarketWorks. Retrieved 2024-06-26.
- ↑ 3.0 3.1 3.2 3.3 3.4 3.5 3.6 3.7 3.8 3.9 "The History of Technical Analysis". Quantified Strategies. Retrieved 2024-06-26.
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 "Reading Between the Lines". Winton. Retrieved 2024-06-26.
- ↑ 5.0 5.1 5.2 5.3 5.4 5.5 "Pioneers of Technical Analysis". Investopedia. Retrieved 2024-06-26.