Yes, but it generally doesn't, for example, record length, or rests, or dynamics... It's not intended to fully describe a piece of music, it's really more of a diagram of a series of notes, specific to a guitar layout, that instruct you on playing a melody you're presumed to already know the sound of.
It's not really used by "a tool", it's a customary txt-format notation for guitar. People use it to learn/teach how an existing song is played, it's not intended to actually notate music.
You remember r/shitamericanssay? Last time he won, there were a lot of people talking about stuff Europe has but America doesn't, and, if you browse the posts there, a lot of Americans responding how Europe is backwards, in the stone age, and what they do have is paid for by America, out of benevolence.
Well, those folks are in charge now.
Clown-on-clown violence
It's by design very verbose and "English"-like, like instead of x=y*z it would go "MULTIPLY y BY z GIVING x", the idea was that it would read almost like natural language, so that non-tech staff could understand it.
People thought COBOL would let managers write code.
IIRC "Calendar" was one of the proposed solutions, but the bone actually had a lot more than 28 holes. It's one of the reasons it's purpose is considered unknown.
I always find this particular strain of antiintellectualism deeply ironic, because it claims to oppose women being forgotten, but the premise assumes the "scientists" are all male.
wizards of the coast
Of the "sent the literal Pinkertons after a streamer" fame.
Oh wow, it's still updated!
He blanks them out in real life too.
So we've reached "bargaining". Good to know.
...Yes, if you go back and read my fist post, you will find that I, too, refer to tabs as notation, and say: "it’s a customary txt-format notation". And if you go to the wiki article you linked and read the sentence after the one you pasted, you'll find it says :"ASCII tab is intended to be a human-readable format rather than machine-readable, and hence is not strictly defined.".
Wanna see another musical notation method that doesn't actually notate music?
That's a harmonica tab - the number is the hole, the sign is inhale-exhale, but to actually play the song, you need to already know the tune to Bella Ciao.