Chain Response Atlas
Map the cascading liquidations of leveraged market participants.
Leveraged markets do not fall β they cascade. A price level breaks, someoneβs margin breaks with it, their forced exit breaks the next level, and what looks like one move is actually a chain of compulsory transactions. The Chain Response Atlas maps that chain structure instead of narrating it after the fact.
What it measures
- Cascade anatomy. When forced flow begets forced flow: the propagation structure of liquidation chains across price levels and instruments, separated from ordinary discretionary selling.
- Resolution versus fizzle. Not every triggered chain completes. The Atlas tracks both outcomes and publishes the split with the sample size visible β every rate we ever print will carry its n, because a percentage without a denominator is marketing, not measurement.
- Chain preconditions. The positioning states in which cascades have historically initiated: crowding, one-sided leverage, thin absorbing liquidity β described as observed structure, never as a forecast.
What it does not do
It does not predict cascades. No map does. The Atlas is a record of how forced flow has propagated, under what preconditions, with what completion rates β a structural atlas, not a signal. Any use of it for timing is your judgment and your risk, and the instrument says so on every surface.
Who it is for
Traders who hold positions through leverage-heavy sessions and want to know whether the terrain under them is chain-prone; risk managers who need cascade preconditions expressed as measurable states rather than trader folklore.
Where this sits
Chain Response Atlas is one of the instruments in the Premium Add-on suite. How that suite measures β the per-instrument battery, and the receipts each measurement will carry β is set out in the Premium Add-on methodology, part of the site-wide measurement methodology.
Also in the Premium Add-on suite
- FX Gamma MapDealer terrain from listed FX options β strike walls, skew migration, expiry gravity.
- Regime FeedState-space identification of market regimes in real-time.
- Positioning / COT IntelligenceResolves or fizzles β always published with n visible.
- Joint Change-Point MonitorWhen the regime breaks, know which series moved β and when.