What direction means #
Using a closed four-hour window, the workbench examines whether price, open interest, and aggressive-trade differences expand in a common direction. It may show long-led, short-led, or no clear expansion. This is a rule-based description of observed structure, not proof that a particular group has entered.
Intensity and spot evidence #
The displayed multiple compares current expansion contribution with a historical baseline. An insufficient or zero baseline is labeled instead of forcing a ratio. Spot alignment describes the directional relationship between available spot evidence and derivatives structure. Missing, unsynchronized, or insufficient evidence cannot confirm alignment. Inspect the interface for exact window, contribution, and quality.
Limits #
CVD is not net capital inflow, and rising OI includes both sides of a market. Alignment does not guarantee a rise or fall. Treat the structure as a lead to check against price location, counterevidence, event timing, and risk. See charts and important signals.