Glossary

Quick translations for the terms in Scribe Studio that are not self-explanatory: the indicators its strategies are built from, and the metrics and flags on the results panel. The thresholds quoted are reading guides, not pass marks.

ADX

Average Directional Index. A measure of how strongly a market is trending, regardless of direction. Scribe uses it as a filter: only take a signal while ADX is above a threshold, so the strategy stays out when the market is drifting.

ATR

Average True Range. The average size of a bar's move over a lookback. Every Scribe strategy exits with a trailing stop set a number of ATRs behind price, so the stop's distance scales with how much the market is moving rather than being a fixed number of points.

ATR Trail

The Tweak setting for how many ATRs the trailing stop sits behind price. A larger value gives a trade more room and closes it later on a reversal; a smaller one protects profit sooner and gets shaken out more often.

Camarilla Levels

Support and resistance levels calculated from the previous day's high, low and close. A Camarilla strategy enters when price dips below the L3 support (or pops above the H3 resistance) and closes back through it within the same bar.

Drawdown / Max DD

How far the account has fallen from its high point. Max DD is the deepest such fall over the period shown. Over the whole run it is measured from a realized equity high, the way TradingView measures it. Inside a narrowed window preset it is the biggest close-to-close drop, so a deeper dip between two closes goes unseen; the tooltip says which you are reading.

Implausible Profit Factor

A flag on a run whose profit factor is too extreme to state meaningfully. A result this lopsided is not a reliable summary of the run, so the panel withholds the figure. Verify in TradingView before trusting it.

Liquidated

A label on a short trade whose loss ran past the funds backing the position. A short's loss has no ceiling, so when it happens the trade is closed the way a margin call would close it, at a price no order chose. It counts as a closed trade like any other.

Mark

Short for mark-to-market. The exit price shown for a trade that was still open when the data ended: the last known price, not a fill. Its return is labeled unrealized, and the run's win rate and profit factor leave the trade out until it closes.

Pivot

A swing high or swing low: a bar whose high is higher than the bars on either side of it for a set number of bars, or whose low is lower. The Pivot strength setting is that number. Sweep strategies enter when price pushes past the last confirmed pivot and closes back through it.

Profit Factor

Gross profit from winning trades divided by gross loss from losing trades, across the whole run's closed trades. Above 1 means winners outweighed losers; above 1.5 is solid. It never follows the window presets.

R

A trade's result divided by the strategy's typical risk per trade. +2R made twice the typical risk; −1R lost exactly it. The R distribution on the Trade Analysis tab sorts every closed trade onto this scale, so trades of different sizes can be compared, and the end bars also hold anything beyond the axis.

Risk per Trade

How far price has to move against a trade before the stop closes it, as a percent of the entry price, averaged over the run. It is what R is measured against, and it is stated in the How it works description. Not the same as order size, which is the share of the account committed to each entry.

ROC

Rate of change. How much price has moved over a lookback, as a percent. A ROC strategy enters when it crosses a threshold: price starting to move faster than it has been.

Sharpe

Return per unit of risk taken, measured over the whole run. Above 1 is generally good. It never follows the window presets.

Small Sample

A flag on a run with too few trades, or too short a stretch of history, for its averages to be reliable. The flag states the counts. Win rate and profit factor move a lot at this size, so read them loosely; loosening the entry usually firms the sample up.

Stochastic

A momentum oscillator, %K, that runs from 0 to 100 and compares the close to the recent range. A stochastic strategy enters when %K crosses a level: up through 20 for a long, down through 80 for a short.

Sweep and Reclaim

An entry where price pushes through a recent low (or high), then closes back on the other side of it within the same bar: a breakdown that failed to hold and trapped the sellers.

VWAP

Volume-weighted average price for the day. Scribe uses it as a filter: longs only above it, shorts only below.