Glossary

RSI: Measures the speed of recent moves on a 0–100 scale. Below 30 is read as “sold hard”, above 70 as “bought hard”. In a strong trend it can stay pinned at an extreme for a long time; on its own it is not a reversal signal.
MACD: The difference between two moving averages. Crossing above zero shows momentum turning up, below zero turning down. It produces frequent false signals in a sideways market.
ADX: Measures the STRENGTH of a trend, not its direction. Above 25 means a strong trend, below 20 a sideways market. Trend strategies do not work in a sideways market.
ATR: Average true range: how much the symbol typically moves in one bar. It is the correct unit for judging whether a stop distance is meaningful.
EMA: Exponential moving average; weights recent prices more heavily. The 20, 50 and 200 are the most widely watched and are treated as support and resistance.
Bollinger bands: An envelope showing how far price has strayed from its average. Narrowing bands signal compression; widening ones signal rising volatility.
MFI: A volume-weighted RSI. It measures the direction of money flow, and is unreliable when volume data is missing.
VWAP: Volume-weighted average price. Used as a “fair price” reference in intraday trading.
R:R: Risk/reward. Distance to target divided by distance to stop. If the stop distance is below the noise floor, the ratio loses its meaning.
Consensus: The shared tendency of several indicators. More robust than any single indicator, but lagging.
Regime: The market's current character: trending, compressed, or volatile. The same indicator means different things in different regimes.
Confluence: Different methods pointing at the same level. If a moving average, a pivot and a volume profile all mark one level, that level is stronger.

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