Glossary

Short definitions of the terms used throughout this documentation. Terms are grouped by what they describe, and listed alphabetically within each group.

Interface and Layout

App

A ready made environment with a fixed layout of widgets, built for a specific workflow. Apps cannot be rearranged. Use a Workspace when you want control over the layout.

Section

A named area inside a Workspace that holds a group of widgets. Sections let you split a Workspace into parts, for example one for forex and another for crypto.

Sparkline

A small chart tucked inside a card, as in the Live Forecasts and Watchlist widgets. It gives a quick read on recent price movement without opening a full chart.

Widget

A single tool or view, such as the Chart, Live Forecasts, or Economic Calendar. Each widget does one job, and can be added, removed, resized, dragged, or popped out into its own window.

Workspace

Your own dashboard. Add the widgets you want, arrange them how you like, and save the result under a name. Workspaces are saved to your account and stay consistent across open tabs.

Forecasts and Analysis

Alert

A standing instruction to notify you when a forecast matching your criteria appears. Alerts can be scoped by instrument, timeframe, direction, and individual pattern. Any row on the forecast feed can be turned into an alert.

Alert States

Every alert sits in one of three states. Watching means it is active and monitoring. Triggered means a matching forecast has appeared. Paused means monitoring is temporarily stopped.

Confidence Score

A percentage from 0 to 100 attached to every forecast, calculated when the structure is detected. It reflects how clean and complete the underlying structure is. Because every forecast carries one, setups on unrelated markets can be compared on the same terms. See Confidence scoring.

Correlation

A measure of whether two instruments tend to move together or in opposite directions. It matters for risk: holding two strongly correlated positions in the same direction concentrates your exposure rather than spreading it. Available in the Compass widget.

Direction

Whether a forecast points upward (bullish) or downward (bearish).

Forecast

A trade structure that Radar 61 has detected, qualified, and published to the feed. Each one states the instrument, the pattern behind it, the timeframe, the setup level, the forecast target, the direction, and a confidence score.

Forecast Target

The price the detected pattern projects toward. It is a projection based on the structure, not a prediction of what the market will do.

Instrument

Anything Radar 61 tracks and forecasts on: a currency pair, a cryptocurrency, a stock, an index, or a commodity.

Live and Expired

Every forecast is valid for a defined window. Live means it is currently actionable. Expired means it has either completed or been invalidated. The feed separates the two, and expired forecasts are kept so you can review what has already resolved.

Method

The trading method behind a forecast, meaning the detected pattern together with its current stage. A forecast might show its method as an ascending triangle at the BreakOut stage.

Pattern

A recognisable shape formed by price movement. Radar 61 detects several families of them: bilateral structures such as triangles and wedges, continuation structures such as flags and channels, harmonic structures, reversal structures such as double tops and head and shoulders, and support and resistance levels. See the Pattern Catalogue.

Quality Rating

A rating shown on each detection alongside the confidence score, reflecting the strength of the detected structure.

[NEEDS CONFIRMATION] What the quality rating measures and what scale it uses, and how it differs from the confidence score.

Setup Level

The price level the detected structure is built on. It is the reference point the forecast is measured from.

Stage

How far a pattern has progressed. Approaching means the structure is forming and has not yet triggered. BreakOut means price has moved through the pattern's trigger condition.

Timeframe

The chart interval a forecast applies to, ranging from 15 minutes (M15) to daily (D1). The same instrument can carry different forecasts on different timeframes.

Market Context

Impact Level

A rating of how much market movement an economic release is expected to cause, shown as high, medium, or low in the Economic Calendar. Use it to filter out minor releases.

Session

One of the four main trading windows: New York, London, Tokyo, and Sydney. Sessions affect how actively an instrument trades. The Market Clocks widget shows which are currently open.