the guide

Everything you need to get started

Thresher turns a ticker into a complete, defined-risk trade — or an honest “no trade”. Here’s how to read what it shows. For the full formulas behind every number, see the methodology.

What Thresher does

Give it a ticker and a candle size. It reads the chart the way a disciplined technician would and either lays out a complete trade — entry, stop, target — or refuses when the signals don’t line up.

It never forces a trade: a low-agreement setup returns an honest “no trade”, not a weak one.
Everything it shows is auditable — each number links to the methodology behind it.

How it reads the chart

Thresher doesn’t rely on one indicator. It scores four independent “families” of signals and combines their votes — a trade needs them to broadly agree.

Trend — is price making higher highs (or lower lows)?
Momentum — is the move gaining or losing steam?
Volume — is real participation behind the move?
Structure — where are the support/resistance levels?

Reading the board

The Top tab ranks the best setups across Hourly, Daily, and Weekly candles. Each row is one setup that cleared every gate.

Bias — LONG (expecting up) or SHORT (expecting down).
Entry / Stop / Target — the trade levels. Stop is your risk; Target is the goal.
R:R — reward-to-risk. 2.00 means the target is twice as far as the stop.
Agree — how strongly the signals agree, 0–100. It is not a win rate.
Score — a 0–100 setup-quality blend of EV, agreement, and R:R (minus risk flags). Not a win rate.
The counts (“42 refused”) show how few names qualify at once — that’s normal.

Reading a trade plan

Click any row (or search a ticker) for the full plan. Risk is measured in “R” — 1R is the distance from your entry to your stop.

Entry, Stop, and Target each show the reasoning (“basis”) for the level.
R:R ties it together: you risk 1R to make the reward, in R.
Long: stop sits below entry, target above. Short mirrors it.
Size the position yourself — Thresher gives the levels, not your risk budget.

The key terms

A few words you’ll see everywhere. None of them is a promise about the future.

R — one unit of risk (entry → stop). R:R — how many R the target is away.
Agreement (Confidence) — how strongly the four families agree, 0–100. Not a win rate.
Setup Score — the board’s 0–100 value metric: a blend of illustrative EV, agreement, and R:R, minus risk flags.
Illustrative EV — expected value using agreement as a stand-in probability — a quality check, not a forecast, until outcomes are measured.

The five gates

Before proposing anything, Thresher runs five checks in order and stops at the first that fails — that’s why most names show “no trade”.

Edge — is there a clear direction at all?
Conviction — do the signals agree enough?
Structure — is the reward worth the risk?
Expected value — does the edge beat break-even?
Event risk — is an earnings report too close?

The honest part

Agreement and illustrative EV measure how the signals line up — not the future. Thresher reads only price and volume; it can’t see news, fundamentals, or what happens next.

Confidence is “signal agreement”, never a promised win rate.
Nothing here is financial advice — the decision, and the risk, are yours.
You’re ready. Open the board and start exploring.

Glossary

Bias: The trade direction — LONG (expecting the price to rise) or SHORT (to fall).
Entry / Stop / Target: Where you’d get in, where you’d cut the loss, and where you’d take the gain.
R (risk unit): One R is the distance from entry to your stop — your defined risk on the trade.
R:R (reward-to-risk): How many R the target is away. 2.0 means the target is twice as far as the stop.
Agreement / Confidence: How strongly trend, momentum, volume, and structure agree (0–100). Signal agreement — deliberately NOT a win rate until outcomes are calibrated.
Setup Score: The board’s 0–100 value metric: a relative blend of illustrative EV, agreement, and R:R, minus deductions for risk flags (earnings, overhead, outlier R:R). A ranking score — not a win rate or expected return.
Quality: A simpler ranking number kept alongside Setup Score: (Agreement ÷ 100) × R:R.
Illustrative EV: Expected value in R using agreement as a stand-in probability. “Illustrative” because that probability isn’t yet verified against real results.
Gate: One of five sequential checks (Edge, Conviction, Structure, Expected value, Event risk). All must pass for a trade to show.
Refusal / No trade: A first-class result: the setup failed a gate, so Thresher declines rather than show a weak trade.
Candle / timeframe: Hourly, Daily, or Weekly bars — the horizon the analysis runs on.
⚠ Outlier: A flag on an unusually large R:R (target far from entry) — worth a sanity-check before acting.

Before you rely on it, read what the engine cannot see.

Open the board →