Terms at a glance
- Active level
- The current structural reference, blue by default. Its role depends on the confirmed close relative to the level’s band.
- Historical level
- An earlier active reference. Its saved Strength reading is frozen when archived, rather than updated as a live reading.
- Strength
- A relative directional-pressure score. Bull and Bear sum to 100%; neither is a win probability.
- MTF
- Multi-timeframe. The table compares trend direction across 1m, 5m, 15m, 1H, 4H and 1D.
- EMA
- Exponential moving average. Each trend dot compares a faster 9-period EMA with a slower 21-period EMA.
- ATR
- Average true range: a measure of recent price movement. LevelBeacon uses its internal ATR unit for distance checks.
- Confirmed close
- The chart candle has finished. On 5m, this means the end of that five-minute bar, not a price movement during it.
- Opportunity
- An alert-only attention condition near the active level. It is independent of the Setup state and requires a fresh false-to-true transition.
- Setup
- A fresh qualifying bullish or bearish event. It can print a marker and begin the ACTIVE state; it does not place an order.
- WATCHING
- No strict setup is currently retained as active. It is not an exit instruction.
- ACTIVE / latched
- The most recent setup state is retained for a limited number of chart bars unless replaced or invalidated. It does not mirror every change in Strength.
- LEARNING
- Insufficient completed internal history for normal production alert/setup eligibility.
- Cooldown
- Minimum spacing between fresh Setup events. It does not mean a marker is guaranteed when the waiting period ends.
- Feed / provider
- The source of the chart’s prices and volume. Different providers can produce different candles.
- Invalidation
- A condition that makes an idea no longer fit your plan. The indicator’s state invalidation is not an automatically placed stop-loss.
Put the terms together
See the level → read Strength → check trend → wait for confirmation → decide and manage risk. Start with the workflow, or use troubleshooting for a specific problem.