All 6 signal components plotted over time. Each component contributes to the overall p_bull composite score. Components are the raw micro scores; the stored composite additionally carries a macro regime multiplier.
The 6 Components
Structure: Order book imbalance, bid-ask dynamics
Momentum: RSI, MACD-derived signals
Volatility: Realized vs implied, term structure
Volume: Buying vs selling pressure
Positioning: Funding rates, open interest
Micro: High-frequency trade flow, tick data
Interpretation
Components moving together = strong signal
Diverging = mixed/transitional market
Momentum & Volume are most responsive
Structure & Positioning are slower-moving
Trading Signals
All 6 components rising with price = consensus bullish
Components diverging while price trends = fragile move, tighten risk
Momentum + Volume turning first = earliest warning of a trend change