The KenvinZone trading glossary: short definitions, full articles and how AURORA uses each concept.Glossary
Trading glossary
The KenvinZone trading glossary: short definitions, full articles and how AURORA uses each concept.
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- 1st BREAK
- The first breakout in the direction of a newly confirmed trend cycle. The core AURORA setup.
- 2nd BREAK
- The second breakout in the direction of the same trend cycle, after the 1st BREAK. Tracked separately because the first is sometimes swept.
A
- AbsorptionHấp thụ
- Unusually high volume with little price progress or a long wick: buying (selling) is being absorbed by the other side, usually a warning sign.
- ATRAverage True Range
- The average price range over the last N bars. Used to measure volatility and to set stop distances that fit the market.
- Avg RAverage R per trade
- Average result per trade measured in R. Fairer than total R when comparing groups with different trade counts.
B
- Bar-close confirmation
- A signal is confirmed only once the bar has closed. It does not change after the close, but it can appear later than intrabar.
- BOSBreak of Structure
- Price closes beyond the previous structural high (or low) in the direction of the current trend, showing continuation.
- Breakeven (BE)Hòa vốn
- Moving the stop to the entry price so the remaining position cannot lose (before costs and slippage).
- Breakout
- Price moves beyond an important level or zone. A breakout is only useful with explicit confirmation and invalidation rules.
C
- CHoCHChange of Character
- The first structure break against the prior trend, often read as an early sign of a reversal.
- CommissionPhí giao dịch
- The fee paid to the broker or exchange on each fill: a percentage of value, a fee per contract, or built into the spread.
- CVDCumulative Volume Delta
- The running total of Delta over many bars, showing whether aggressive buying or selling dominates. On TradingView it is usually estimated from lower timeframes.
D
- Delta
- The difference between aggressive buying and selling volume. On TradingView it is usually estimated from lower-timeframe bars, not native bid / ask order-flow data.
- Drawdown
- The decline from an equity peak to the following trough. It shows how deep a losing stretch you must be able to sit through.
E
- Entry Filter Profile
- The AURORA Pro setting that decides how selective setups are: minimum score and maximum Break stop distance. Kept separate from trade management.
- ExpectancyKỳ vọng mỗi lệnh
- The average result expected per trade, in R: win rate × average win − loss rate × average loss. Positive means an edge on the tested data.
F
- F-SLFixed stop loss
- The fixed stop of a trade, set at entry by the setup rules. It is the basis for 1R and position size.
- Family Score
- AURORA's 0–100 scoring made of six independent families (Trend, Momentum, Structure, Volatility, Flow, Execution), combined by weight.
- FVGFair Value Gap
- A price gap in a three-candle pattern where the wicks of candles one and three do not overlap, showing a fast one-sided move.
G
- Ghost tradeLệnh ma
- A setup blocked by a filter but still tracked in the background as if it had been taken, with the same stop, targets and exit rules. Used to measure what the filter is really worth.
H
- Higher high / Higher lowHH / HL
- Each swing high above the previous one (HH) and each swing low above the previous one (HL): describing an uptrend by price structure. A downtrend is LH / LL.
I
- IFVGInverse Fair Value Gap
- An FVG that price closes through and that flips role: former resistance becomes support, or the reverse.
- In-sample (IS)
- The data period used to choose and tune parameters. Results on it usually look better than reality.
K
- Kenvin Super TrailingĐường Trailing
- AURORA's step-shaped dynamic stop line, built from pivot points and ATR. It only moves with the trend and flips when price closes through it.
L
- Limit orderLệnh chờ
- An order that fills only at your price or better. In exchange, it may never fill if price does not come back.
- LiquidityThanh khoản
- On a chart, usually areas where resting orders cluster, such as stops below obvious lows or above obvious highs. Price often sweeps them before moving on.
- Losing streakChuỗi thua
- Several losing trades in a row. For a system that loses about half its trades, streaks of 8–10 losses can happen within a few hundred trades.
M
- MSSMarket Structure Shift
- Price closes beyond the latest high (or low) of the pullback, confirming momentum has returned in the expected direction.
- MTFMulti-timeframe
- Looking at several timeframes together. Higher-timeframe data is only reliable when taken from closed higher-timeframe bars.
O
- OIOpen Interest
- The total number of open derivative contracts. Rising price with rising OI often signals new money entering.
- OOSOut-of-sample
- Data not used when choosing parameters. OOS results show whether a configuration works beyond the data it was tuned on.
- Order Block
- In the common definition, the last opposite-direction candle before a strong displacement, used as a zone price may revisit.
- OverfittingQuá khớp
- When settings are tuned so closely to past data that they capture random noise, looking great historically but performing poorly on new data.
P
- POCPoint of Control
- The price level with the most traded volume over a period, from a volume profile.
- Position sizingTính khối lượng
- Sizing a trade from the amount you accept to lose and the distance to the stop, instead of trading a fixed size.
- Profit Factor
- Gross profit divided by gross loss. Above 1 means profitable on the tested data, but read it with sample size, drawdown and costs.
R
- R-Multiple
- A trade result expressed as a multiple of the initial risk. A full stop-out is −1R; a gain of twice the risk is +2R.
- Reference volumeVolume tham chiếu
- Volume taken from a related market with real volume, for example gold futures used for a gold CFD. Useful, but not the CFD's own volume.
- RepaintVẽ lại
- When an indicator's signal or value on past bars changes after it appeared, making historical charts look better than reality.
- Runner
- A small part of the position kept after the final take-profit, with a stop trailing the trend, to capture long runs.
- RVOLRelative Volume
- Current volume compared with its normal level. Measuring against the same time of day removes session effects.
S
- Setup QualityBreakQ · SunnyQ
- A setup-specific quality score for BREAK or SUNNY, measuring compression then expansion, candle decisiveness, path efficiency and location in the trend. Statistics only by default.
- SlippageTrượt giá
- The difference between the price you intended and the price you actually got, usually unfavourable in fast or thin markets.
- SMC Quality
- A 0–100 quality score for SMC setups: displacement, zone or sweep quality, room to the opposing liquidity in R, and path efficiency.
- SMC RETEST
- An AURORA Pro SMC setup: after a Break, price returns into the displacement's FVG (or Order Block) and closes back beyond the zone midpoint in the trend direction.
- Stop loss
- The price at which the trade idea is considered wrong and the position is closed to cap the loss.
- Structural stopStoploss cấu trúc
- A stop placed at the invalidation level of the price structure itself (beyond the zone or the sweep extreme), rather than at a general trailing line.
- SUNNY
- AURORA's with-trend continuation setup: entering when the market turns back in the main direction after a pullback.
- SweepLiquidity sweep
- Price pierces an obvious high or low and then closes back inside, often after triggering resting orders around that level.
T
- T-SLTrailing stop level
- The dynamic stop following the current Trailing line, changing every bar. A reference for manual trade management.
- Take profit (TP)
- A predefined profit-taking price. Often set as a multiple of risk, for example TP1 = 1R, TP2 = 2R.
- Tick volume
- The number of price changes within a candle, supplied by brokers for forex and many CFDs. Not real traded volume; use it only in relative terms.
- Tier 3 · Institutional Quality
- AURORA Pro's context layer: fresh FVGs, liquidity sweeps, CVD and absorption, plus suitability for holding a Runner. Statistics only by default.
- True Range
- A candle's true range: the largest of high − low, |high − previous close| and |low − previous close|. It includes gaps.
V
- VAH / VALValue Area High / Low
- The upper and lower edges of the price area holding most of the traded volume (often 70%) in a volume profile.
- Volume Quality (VQ)
- A 0–100 score of whether a candle's volume supports the trade direction: RVOL strength, Delta direction, effort versus result, and volume expansion.
W
- Walk-forward
- Validating by repeatedly choosing settings on one period and testing them on the next, rolling forward through time.
- Webhook
- A way for TradingView to send an alert's message to a server or service URL, so a bot can process it.
- Win rateTỷ lệ thắng
- The percentage of trades that make money. Only meaningful alongside the average win and average loss.