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.

MQN (Market 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 MQN 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 MQN (≥ 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 MQN(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.