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Three observations have aligned: ADX directional-movement asymmetry is elevated, the volume-weighted returns observation is net positive over its lookback, and OBV is trending up over its lookback. The volume observation point up; ADX itself is direction-agnostic.
State
ADX directional-movement asymmetry elevated, volume-price-trend observation firing, OBV-change observation firing
Emergence
Three present-state observations co-occur. The ADX observation (now named 'Sustained Directional-Movement Asymmetry') sits in the upper portion of its mapped range — it measures how lopsided positive vs negative directional movement has been over the lookback, direction-agnostic. The volume-price-trend observation (now named 'Volume-Weighted Returns Sum Net Positive (60w)') is firing — the cumulative volume-weighted returns over the lookback are net positive. The obv-change observation is firing — On Balance Volume is trending up over the lookback. The volume observations are direction-up readings; the ADX score by itself does not assert which side dominates.
Limits
This interpretation records three present-state observation levels at the most recent reporting period. It does not predict trend continuation, assess fundamental value, or guarantee the trend will not reverse. The volume-weighted observations do not establish causation between volume and price; they only record co-occurrence. The ADX observation is direction-agnostic — it scores the magnitude of directional-movement asymmetry, not which direction prevailed. Reading the configuration as 'up-trend alignment' rests on the volume observation, not on ADX. Configurations with elevated readings can still exhaust or reverse.
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Explanation
Each observation reads a different aspect of recent price-and-volume behavior: Sustained Directional-Movement Asymmetry (ADX) smooths the asymmetry between positive and negative directional movement over the lookback window. A high score means directional movement has been lopsided; the score does not indicate which side dominates. Volume-Weighted Returns Sum Net Positive (60w) sums weekly returns weighted by volume over a 60-week window. A high score means the sum is net positive. It records co-occurrence of up moves with volume; it does not establish causation. On Balance Volume Trending Up fires when the running OBV total is trending upward, where OBV adds volume on up-close weeks and subtracts on down-close weeks. A high score means OBV is rising over the lookback. When all three align, the configuration is a co-occurrence of an elevated direction-agnostic asymmetry reading with two direction-up volume-weighted readings — not a measurement of conviction, fundamental backing, or future trajectory.
Interpretation
This interpretation identifies a co-occurrence of three direction-up observation levels. It does not predict continuation, assess valuation, or indicate entry timing. The observation record price and volume direction only — they do not establish 'genuine conviction' or 'substantive backing' in any structural sense.
Required Observations
Sustained Directional-Movement Asymmetry (ADX)
Movement in one direction has consistently outpaced the other over recent weeks, whichever direction that is.
On Balance Volume Trending Up
Volume has flowed in on rising weeks more than out on falling ones, across the last 60 weeks.
Volume-Weighted Returns Sum Net Positive (60w)
Volume-weighted price moves over the last 60 weeks add up positive.