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. On a forecast card it shows the shape of the detected pattern; on a watchlist row it shows the recent price trend.
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 given an expiry when it is published, sized to its timeframe rather than a fixed number of hours. Live means it is still inside that window. Expired means the window has passed. The feed separates the two, and expired forecasts are kept so you can review what has already resolved.
Method
The line beneath the instrument on a forecast, giving the category, the detected pattern, and the timeframe. For example, "BreakOut · Ascending Triangle · H1".
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.
Setup Level
The price level the detected structure is built on. It is the reference point the forecast is measured from.
Category
The type of structure a forecast describes, shown as the first item on the method line. Approaching means price is moving toward a level not yet met. BreakOut means price has moved through the structure's trigger condition. Reversal means the structure points to a change in the prevailing direction.
Stop Loss
The price at which a forecast is treated as no longer valid. Together with the setup level and the forecast target it gives the forecast a risk to reward ratio.
Timeframe
The chart interval a forecast applies to. Forecasts run on M15, M30, H1, and H4. The Chart and Compass also offer D1, but the forecast engine does not scan it. The same instrument can carry different forecasts on different timeframes.
Trade Setup
A structured entry you record yourself in Trader Notes, holding a ticker, your entry, target, stop loss, and whether you read the instrument as bullish, neutral, or bearish. Distinct from a Forecast, which Radar 61 detects.
Compass
Basket
The group of instruments the Compass compares against each other. Radar 61 provides baskets for forex, crypto, stocks, indices, and commodities, and you can build your own on Core and above.
Strength Score
A score from 0 to 100 showing where an instrument ranks within its basket. The strongest scores 100 and the weakest scores 0, so the number is relative to what it is being compared with, not an absolute measure. See the Compass widget.
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.
Release Forecast
In the Economic Calendar, the Fcst column shows what analysts expect an economic release to report. This has nothing to do with a Radar 61 Forecast, which is a projected price level from a detected structure. The two are unrelated.
Session
A trading window for a particular market. Sessions affect how actively an instrument trades, and periods where two sessions overlap are usually the most active. The Market Clocks widget covers New York, London, Tokyo, Sydney, Frankfurt, Hong Kong, and Singapore.