"
In 1978, the tools of technical traders I consisted of chart paper, a calculator and a newspaper. Analyzing a trade was a slow and tedious process, severely limited by the time it took to perform the calculations. Trying different study periods was easier said than done.
Then the personal computer revolution came, breaking open a floodgate of opportunity for the serious trader by performing days' and weeks' worth of calculations in just minutes or seconds.
First to seize the advantage was a small group of traders and analysts who called themselves "The Technical Analysis Group" (TAG). Led by Tim Slater, the group mapped out its technical requirements to a team of software engineers. …"
What did they calculate and why ?
Does anyone have any info or ideas ?
In 1978, the tools of technical traders I consisted of chart paper, a calculator and a newspaper. Analyzing a trade was a slow and tedious process, severely limited by the time it took to perform the calculations. Trying different study periods was easier said than done.
Then the personal computer revolution came, breaking open a floodgate of opportunity for the serious trader by performing days' and weeks' worth of calculations in just minutes or seconds.
First to seize the advantage was a small group of traders and analysts who called themselves "The Technical Analysis Group" (TAG). Led by Tim Slater, the group mapped out its technical requirements to a team of software engineers. …"
What did they calculate and why ?
Does anyone have any info or ideas ?
The truth is hidden from you