New Concepts In Technical Trading System -

: Wilder focused on creating rules-based systems to remove human emotion and subjective interpretation from trading decisions.

The book is most famous for debuting several "classic" tools that revolutionized how traders quantify market movement: New Concepts in Technical Trading System

: A volatility indicator that accounts for price gaps between periods. It is now a fundamental component of modern risk management and position sizing. : Wilder focused on creating rules-based systems to