The words on the charts
Glossary
Every word the bot uses on its charts and in its checks, defined the way the bot applies it. The main terms have their own page, with the bot's charts and the eight markets' figures.
Stop hunt (liquidity sweep)
A push through a level where many traders keep their stop orders, which takes those orders and then fails, coming back inside. Also called a liquidity sweep.
Asian range
The high and low of the quiet hours between New York's close and London's open: 17:00 to 03:00 New York time.
Average daily range (ADR)
How far a market typically travels from its low to its high in one trading day. The bot measures every distance in it.
Second leg (M and W)
A stop hunt in two pushes: a first leg through the level, a pullback, then a second leg further. Off a high it draws an M; off a low, a W.
Close back
The first 15-minute candle that closes back inside the level a stop hunt went through. It is where the bot enters.
Previous day's high and low
Yesterday's extremes, the levels every chart shows and so the levels where stops collect. A hunt that takes one is taking yesterday's stops.
Inside day
A day whose whole range sits inside the day before. A quiet, contained day leaves an obvious high and low, and stops parked just past them.
Induction trend
A move away from the week's open that leads the crowd in one direction before the turn. The bot counts it from half an average daily range.
Midweek reversal
The week's high or low printing on Tuesday to Thursday, then price travelling 1.25 average daily ranges the other way. The method expects the turn midweek.
High-impact news
A scheduled release that moves a currency, such as payrolls, inflation or a rate decision. The bot notes when a hunt prints within one 15-minute candle of one.
COT report
The CFTC's weekly Commitments of Traders report: who holds what in currency futures. The bot reads the large speculators' position against its own three-year range.