Participation measured against trend thresholds.
| Concept | Explanation | |---|---| | Above short-term average | Measures near-term participation. | | Above long-term average | Measures broader trend participation. | | Breadth extreme | Very high or low percentage relative to history. | | Reentry signal | Participation moves back above or below a threshold. | | Sector comparison | Identifies where participation is strongest or weakest. |