Yep--I reckon "traditional" is a term that came along after compounds. Well before compounds there were elevated rests, sights, and release aids. Shoot, release aids (thumb rings) are downright primitive.
I shoot my bows off the shelf, with a glove, and no sights--but they have high-tech string materials on them, and phenolic, and the latest glass and glue.[:-][8D] Some limb designs and materials these days could probably be used by NASA for something.

Todays "traditional" bows are faster than the earlier compounds--shoot, my longbow is faster than my old Hoyt Finalist II compound (15 or 20 yrs old).
Chad