Difference between revisions of "Timeline of technical analysis"
From Timelines
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| 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> | | 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> | ||
| + | |- | ||
| + | | 18th century || || Development || Japanese traders use technical analysis, pioneered by Munehisa Homma, creating Sakata charts (candlestick charts).<ref name="earn2trade.com">{{cite web | title = Technical Analysis | url = https://www.earn2trade.com/blog/technical-analysis/ | website = Earn2Trade | 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"/> | ||
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| Late 19th century || || Dow Theory Development || Charles Dow studies stock market data and develops stock price averages to study market movements, leading to the development of Dow Theory. This theory correlates market patterns with the Dow Jones Industrial Average and lays the foundation for modern technical analysis. | | Late 19th century || || Dow Theory Development || Charles Dow studies stock market data and develops stock price averages to study market movements, leading to the development of Dow Theory. This theory correlates market patterns with the Dow Jones Industrial Average and lays the foundation for modern technical analysis. | ||
| + | |- | ||
| + | | 1884 || || Development || Charles Dow starts using historical data from the Dow Jones Industrial Index, laying foundations for modern technical analysis.<ref name="earn2trade.com"/> | ||
|- | |- | ||
| 1884 || || Development || Charles Dow starts using historical data from the Dow Jones Industrial Index, laying foundations for modern technical analysis.<ref name="earn2trade.com"/> | | 1884 || || Development || Charles Dow starts using historical data from the Dow Jones Industrial Index, laying foundations for modern technical analysis.<ref name="earn2trade.com"/> | ||
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| 1922 || || Publication || William Peter Hamilton publishes "The Stock Market Barometer," formalizing and expanding on Dow's ideas. This work lays the groundwork for the Dow Theory, emphasizing the predictive power of stock market averages.<ref name="Robert D. Edwards"/> | | 1922 || || Publication || William Peter Hamilton publishes "The Stock Market Barometer," formalizing and expanding on Dow's ideas. This work lays the groundwork for the Dow Theory, emphasizing the predictive power of stock market averages.<ref name="Robert D. Edwards"/> | ||
| + | |- | ||
| + | | 1920s || || Development || William P. Hamilton applies Dow Theory, forecasting market trends and identifying short-term waves.<ref name="earn2trade.com"/> | ||
|- | |- | ||
| 1920s || || Development || William P. Hamilton applies Dow Theory, forecasting market trends and identifying short-term waves.<ref name="earn2trade.com"/> | | 1920s || || Development || William P. Hamilton applies Dow Theory, forecasting market trends and identifying short-term waves.<ref name="earn2trade.com"/> | ||
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| 1920s-1930s || || Development || Richard W. Schabacker, a former financial editor of Forbes Magazine, advances technical analysis by systematizing methods and identifying significant technical patterns in individual stock charts. His books "Stock Market Theory and Practice," "Technical Market Analysis," and "Stock Market Profits" become foundational texts.<ref name="Robert D. Edwards"/> | | 1920s-1930s || || Development || Richard W. Schabacker, a former financial editor of Forbes Magazine, advances technical analysis by systematizing methods and identifying significant technical patterns in individual stock charts. His books "Stock Market Theory and Practice," "Technical Market Analysis," and "Stock Market Profits" become foundational texts.<ref name="Robert D. Edwards"/> | ||
| + | |- | ||
| + | | 1930s || || Development || Robert Rhea enhances Dow Theory, publishes "Dow Theory Comments," popularizing technical analysis via newsletters.<ref name="earn2trade.com"/> | ||
| + | |- | ||
| + | | 1930s || || Development || Edson Gould uses technical analysis to predict Dow Jones Index movements, gaining widespread recognition.<ref name="earn2trade.com"/> | ||
|- | |- | ||
| 1930s || || Development || Robert Rhea enhances Dow Theory, publishes "Dow Theory Comments," popularizing technical analysis via newsletters.<ref name="earn2trade.com"/> | | 1930s || || Development || Robert Rhea enhances Dow Theory, publishes "Dow Theory Comments," popularizing technical analysis via newsletters.<ref name="earn2trade.com"/> | ||
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| 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"/> | ||
| + | |- | ||
| + | | 1948 || || Publication || John Magee publishes "Technical Analysis of Stock Trends," defining chart patterns and technical indicators.<ref name="earn2trade.com"/> | ||
|- | |- | ||
| 1948 || || Publication || John Magee publishes "Technical Analysis of Stock Trends," establishing comprehensive charting methods for trading.<ref name="investopedia.com"/> | | 1948 || || Publication || John Magee publishes "Technical Analysis of Stock Trends," establishing comprehensive charting methods for trading.<ref name="investopedia.com"/> | ||
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| 18th century || || Development || Japanese traders use technical analysis, pioneered by Munehisa Homma, creating Sakata charts (candlestick charts).<ref name="earn2trade.com">{{cite web | title = Technical Analysis | url = https://www.earn2trade.com/blog/technical-analysis/ | website = Earn2Trade | access-date = 2024-06-26}}</ref> | | 18th century || || Development || Japanese traders use technical analysis, pioneered by Munehisa Homma, creating Sakata charts (candlestick charts).<ref name="earn2trade.com">{{cite web | title = Technical Analysis | url = https://www.earn2trade.com/blog/technical-analysis/ | website = Earn2Trade | access-date = 2024-06-26}}</ref> | ||
|- | |- | ||
| − | | 1884 || || Development || Charles Dow starts using historical data from the Dow Jones Industrial Index, laying foundations for modern technical analysis. | + | | 1884 || || Development || Charles Dow starts using historical data from the Dow Jones Industrial Index, laying foundations for modern technical analysis.<ref name="earn2trade.com"/> |
|- | |- | ||
| − | | 1920s || || Development || William P. Hamilton applies Dow Theory, forecasting market trends and identifying short-term waves. | + | | 1920s || || Development || William P. Hamilton applies Dow Theory, forecasting market trends and identifying short-term waves.<ref name="earn2trade.com"/> |
|- | |- | ||
| − | | 1930s || || Development || Robert Rhea enhances Dow Theory, publishes "Dow Theory Comments," popularizing technical analysis via newsletters. | + | | 1930s || || Development || Robert Rhea enhances Dow Theory, publishes "Dow Theory Comments," popularizing technical analysis via newsletters.<ref name="earn2trade.com"/> |
|- | |- | ||
| − | | 1930s || || Development || Edson Gould uses technical analysis to predict Dow Jones Index movements, gaining widespread recognition. | + | | 1930s || || Development || Edson Gould uses technical analysis to predict Dow Jones Index movements, gaining widespread recognition.<ref name="earn2trade.com"/> |
|- | |- | ||
| − | | 1948 || || Publication || John Magee publishes "Technical Analysis of Stock Trends," defining chart patterns and technical indicators. | + | | 1948 || || Publication || John Magee publishes "Technical Analysis of Stock Trends," defining chart patterns and technical indicators.<ref name="earn2trade.com"/> |
|} | |} | ||
Revision as of 09:37, 29 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 | Early Descriptions | Amsterdam-based merchant Joseph de la Vega documents Dutch financial markets, offering early insights into market behavior and patterns.[2] | |
| 17th century | Theories begin | Joseph de la Vega’s accounts of the Dutch markets.[3] | |
| 1688 | Concept Introduction | Joseph de la Vega publishes "Confusion of Confusions," describing techniques to predict stock price movements.[1][4] | |
| 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.[5] | |
| 18th century | Development | Japanese traders use technical analysis, pioneered by Munehisa Homma, creating Sakata charts (candlestick charts).[6] | |
| 1710 | Futures Market | Establishment of rice futures market in Osaka, Japan, where technical analysis techniques like candlestick charting are used.[4] | |
| 1710 | Futures Market | Japan establishes a rice futures market where coupons representing future delivery of rice are traded.[2] | |
| 1724-1803 | Development of candlestick charting | Homma Munehisa, a Japanese rice trader, fathers candlestick charting.[3] | |
| 1730 | Rice futures trading begins | Rice futures start trading on the Dōjima Rice Exchange in Japan.[5] | |
| 1755 | Publication | Homma Munehisa writes "The Fountain of Gold," describing early forms of technical patterns and human emotion in trading.[4] | |
| 1755 | Candlestick Charting | Munehisa Homma, a Japanese rice merchant, writes The Fountain of Gold – The Three Monkey Record of Money, introducing candlestick charting and focusing on market psychology.[2] | |
| 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.[4] | |
| Late 19th century | Dow Theory | Charles Dow studies stock market data and develops stock price averages to study market movements, leading to the development of Dow Theory. This theory correlates market patterns with the Dow Jones Industrial Average and lays the foundation for modern technical analysis.[4][3][7][1][5] | |
| Late 19th century | Dow Theory Development | Charles Dow studies stock market data and develops stock price averages to study market movements, leading to the development of Dow Theory. This theory correlates market patterns with the Dow Jones Industrial Average and lays the foundation for modern technical analysis. | |
| 1884 | Development | Charles Dow starts using historical data from the Dow Jones Industrial Index, laying foundations for modern technical analysis.[6] | |
| 1884 | Development | Charles Dow starts using historical data from the Dow Jones Industrial Index, laying foundations for modern technical analysis.[6] | |
| 1884 | Development | Charles H. Dow, co-founder of The Wall Street Journal, creates an average of the daily closing prices of 11 important stocks, laying the foundation for technical analysis. He believed that stock price movements reflected the composite knowledge of all market participants and could predict future business conditions.[8] | |
| 1902 | Dow Theory expanded | After Charles Dow’s death, his followers expand on his ideas and develop chart-based trading strategies.[5] | |
| Early 20th century | Dow Theory Expansion | William Hamilton refines Dow Theory, explaining market trends using a metaphor of ocean waves.[4][7] | |
| Early 20th century | Use of ticker tape | Traders like Jesse Livermore use ticker tape to track market prices and anticipate market movements.[5] | |
| 1922 | Publication | William Peter Hamilton publishes "The Stock Market Barometer," formalizing and expanding on Dow's ideas. This work lays the groundwork for the Dow Theory, emphasizing the predictive power of stock market averages.[8] | |
| 1920s | Development | William P. Hamilton applies Dow Theory, forecasting market trends and identifying short-term waves.[6] | |
| 1920s | Development | William P. Hamilton applies Dow Theory, forecasting market trends and identifying short-term waves.[6] | |
| 1920s-1930s | Books on technical analysis | Richard W. Schabacker writes books continuing the work of Charles Dow and William Peter Hamilton.[3] | |
| 1920s-1930s | Development | Richard W. Schabacker, a former financial editor of Forbes Magazine, advances technical analysis by systematizing methods and identifying significant technical patterns in individual stock charts. His books "Stock Market Theory and Practice," "Technical Market Analysis," and "Stock Market Profits" become foundational texts.[8] | |
| 1930s | Development | Robert Rhea enhances Dow Theory, publishes "Dow Theory Comments," popularizing technical analysis via newsletters.[6] | |
| 1930s | Development | Edson Gould uses technical analysis to predict Dow Jones Index movements, gaining widespread recognition.[6] | |
| 1930s | Development | Robert Rhea enhances Dow Theory, publishes "Dow Theory Comments," popularizing technical analysis via newsletters.[6] | |
| 1930s | Development | Edson Gould uses technical analysis to predict Dow Jones Index movements, gaining widespread recognition.[6] | |
| 1930s-1980s | Practical Application | Edson Gould makes accurate market predictions and develops indicators like the Senti-Meter, gaining renown as a market wizard.[7] | |
| 1932 | Publication | Robert Rhea publishes "The Dow Theory," providing further insight into Dow's work.[4][7] | |
| 1935 | March 13 | Market Prediction | Ralph Nelson Elliott predicts the market bottom using Elliott Wave Theory.[4][7] |
| 1938 | Gartley’s annotations | H.M. Gartley publishes intricate annotated charts to educate readers on common features of trends.[5] | |
| 1942 | Collaboration | Robert D. Edwards joins his brother-in-law Richard Schabacker in furthering technical analysis research. Edwards continues Schabacker's work after his death, contributing to the development and refinement of technical analysis techniques.[8] | |
| 1940s | Founding of the first hedge fund | Alfred Winslow Jones founds the first hedge fund and advocates surfing the market’s mood swings.[5] | |
| 1946 | Elliott Wave Theory | Elliott publishes his book with Charles J. Collins, officially introducing the Elliott Wave Theory.[4] | |
| 1948 | Publication | John Magee publishes "Technical Analysis of Stock Trends," defining chart patterns and technical indicators.[6] | |
| 1948 | Publication | John Magee publishes "Technical Analysis of Stock Trends," establishing comprehensive charting methods for trading.[7] | |
| 1948 | Publication | John Magee publishes "Technical Analysis of Stock Trends," defining chart patterns and technical indicators.[6] | |
| 1948 | Publication | Robert D. Edwards and John Magee publish "Technical Analysis of Stock Trends".[3] | |
| 1948 | Publication | Robert D. Edwards and John Magee publish "Technical Analysis of Stock Trends," which becomes a definitive authority in the field. The book consolidates and advances technical analysis methods, making the process more scientific and precise.[8] | |
| 1949 | Futures Inc founded | Richard Donchian founds Futures Inc, the first public managed futures fund, pioneering diversified trend-following strategies.[5] | |
| 1951 | Retirement | Robert D. Edwards retires from his work as a stock analyst. John Magee continues research independently and later as Chief Technical Analyst at an investment counseling firm, focusing on discovering new technical devices.[8] | |
| Late 1951 | Development | John Magee initiates the Delta Studies, an extension and refinement of the technical method. These studies introduce new concepts that enhance the ability to interpret and predict market situations, proving successful in practical market operations.[8] | |
| 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.[4] | |
| 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.[5] | |
| 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.[5] | |
| 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] |
| Year | Month and date | Event type | Details |
|---|---|---|---|
| 18th century | Development | Japanese traders use technical analysis, pioneered by Munehisa Homma, creating Sakata charts (candlestick charts).[6] | |
| 1884 | Development | Charles Dow starts using historical data from the Dow Jones Industrial Index, laying foundations for modern technical analysis.[6] | |
| 1920s | Development | William P. Hamilton applies Dow Theory, forecasting market trends and identifying short-term waves.[6] | |
| 1930s | Development | Robert Rhea enhances Dow Theory, publishes "Dow Theory Comments," popularizing technical analysis via newsletters.[6] | |
| 1930s | Development | Edson Gould uses technical analysis to predict Dow Jones Index movements, gaining widespread recognition.[6] | |
| 1948 | Publication | John Magee publishes "Technical Analysis of Stock Trends," defining chart patterns and technical indicators.[6] |
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 "An Introduction to Technical Analysis". Tradimo. Retrieved 2024-06-26.
- ↑ 3.0 3.1 3.2 3.3 3.4 "Technical Analysis". HowTheMarketWorks. Retrieved 2024-06-26.
- ↑ 4.0 4.1 4.2 4.3 4.4 4.5 4.6 4.7 4.8 4.9 "The History of Technical Analysis". Quantified Strategies. Retrieved 2024-06-26.
- ↑ 5.0 5.1 5.2 5.3 5.4 5.5 5.6 5.7 5.8 5.9 "Reading Between the Lines". Winton. Retrieved 2024-06-26.
- ↑ 6.00 6.01 6.02 6.03 6.04 6.05 6.06 6.07 6.08 6.09 6.10 6.11 6.12 6.13 6.14 6.15 6.16 "Technical Analysis". Earn2Trade. Retrieved 2024-06-26.
- ↑ 7.0 7.1 7.2 7.3 7.4 7.5 "Pioneers of Technical Analysis". Investopedia. Retrieved 2024-06-26.
- ↑ 8.0 8.1 8.2 8.3 8.4 8.5 8.6 Robert D. Edwards, John Magee, W.H.C. Bassetti (2001). Technical Analysis of Stock Trends, Eighth Edition (Hardcover). Taylor & Francis. p. 709. ISBN 9781574442922.
