WidgetsForecast Analysis

Forecast Analysis

Last updated on Jul 27, 20262 min read

A deep dive view that opens when you select a specific forecast from the Live Forecasts Widget.

  • Historical Accuracy: Displays statistics on how often this exact pattern on this exact timeframe has played out successfully in the past.
  • Target Mapping: Visually lists the primary, secondary, and invalidation price levels for the trade setup.

Signal Card Anatomy

Every forecast in Radar 61 answers four questions. A trader should never need to open a second tool to understand a setup.

  1. WHAT is setting up: The instrument, the direction, and the pattern behind the move.
  2. WHY it qualifies: The confidence percentage and the visible quality rating of the detected structure.
  3. WHEN it applies: The timeframe, the stage of the pattern (Approaching or BreakOut), and the live-versus-expired status.
  4. WHERE it points: The setup level the structure is built on, and the forecast target the pattern projects.

How a Signal Is Born

The entire process from market scan to trader notification runs continuously, without human intervention at any stage.

  1. Market Scanning: The engine continuously processes price data across all covered instruments and timeframes.
  2. Structure Detection: Pattern recognition identifies developing structures that match established formation criteria.
  3. Qualification: Each detected structure is evaluated for quality and completeness.
  4. Scoring: Qualified structures are assigned a confidence percentage and a quality rating reflecting the strength of the setup.
  5. Publication: The forecast goes live on the feed with full detail.
  6. Alerting: Any trader whose alert criteria match the forecast is notified immediately.
  7. Resolution: Every forecast is tracked through its validity window and moves to the expired record when it completes or invalidates.

Confidence Scoring Rubric

Every forecast carries a confidence score from 0 to 100 percent, computed at the point of detection:

  • 80% and above (Exceptional): The structure is clean, complete, and strongly formed. The highest-conviction setups on the feed.
  • 70% to 79% (High confidence): A well-formed structure meeting the platform's qualification standards with strength to spare.
  • 60% to 69% (Solid): A valid, qualified setup. Worth full attention and context review before acting.
  • 50% to 59% (Developing): A qualifying structure at the lower bound. Best treated as a watch candidate.