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Two brothers created Fibozachi during the 2008 global financial crisis. Although they were well-rewarded for their aggressively pessimistic view and short positions, the technical indicators they used to trade were not always reliable. Any signal they tried to utilize was unable to adjust to the volatile and dynamic market situations. A better approach was required; they required trading indicators that truly functioned. So Fibozachi decided to do it themselves. Tens of thousands of hours were spent analyzing charts, finding trends, researching code, and creating algorithms. Then thousands more used back-testing, optimization, and actual application by dozens of institutional traders across asset classes to try to refute their own findings.