Glossary

The terms behind the dashboard.

Every number on this site is computed by one engine with locked formulas. These are the words it uses.

SQN (System Quality Number)

√N × mean / standard deviation of a return series. Applied to a market's daily returns over 100 sessions, it scores trend strength and consistency in one number. Full explainer

Market type

Direction × volatility — e.g. 'Bullish / Quiet'. Direction comes from the 100-day SQN bands; volatility from the ATR state. The single classification the platform is built around. Today's market type

ATR / ATR%

Average True Range — Wilder's 20-day smoothing of the daily trading range; ATR% expresses it as a percent of price, so volatility is comparable across markets.

ATR z-score

How unusual today's ATR% is versus that market's own history (expanding z-score). Bands at −0.5 / +0.5 / +3.0 split Quiet, Normal, Volatile and Supervolatile states for equities. Crypto is classified on raw ATR% bands instead.

Breadth

The share of the universe participating in a move: percent of markets with bullish SQN (≥ 0.70), percent above their moving averages, and new highs vs lows. Today's breadth

13-week mix

The rolling 65-session distribution of market types, condensed into Risk-On / Neutral / Risk-Off shares — the regime's recent memory rather than a single day's label.

New highs / new lows

Percent of markets making a fresh high or low against their prior 252-session range (today excluded). Net new highs is the difference — a fast read on expansion vs deterioration.

Leadership / laggards

The top and bottom of the cross-sectional SQN(100) ranking across all tracked markets — what is being bought and what is being sold. Today's board

Delayed snapshot

Public pages show data at least one session behind the latest computed values. Members get the latest snapshot once the app opens.

Risk-On / Risk-Off

Coarse regime grouping: bullish directions with contained volatility map to Risk-On; bearish directions to Risk-Off; the rest is Neutral.

Educational market classification — informational only, not investment advice. Public data is delayed by one session.