Manual/Reference

Glossary

The terms the panels use.

Absorption: Aggressive volume arriving at a level without price moving through it — someone passive is taking the other side in size. Heavy selling into a low that holds is the textbook case.
Bracket and OCO: A bracket is the stop-loss and take-profit attached to an entry. OCO — one cancels the other — is the link between them: when one fills, the other is cancelled, so a filled target never leaves a live stop behind.
Contract: The unit of size in futures. Chartveil counts everything in contracts — the ticket, the ladder, the footprint cells, the copier’s sizing.
Cumulative delta (CVD): Delta accumulated across bars. Divergence between price and CVD — a higher high on falling CVD — is a common thing to look for, and a common thing to over-read.
Delta: Volume that lifted the ask minus volume that hit the bid, over some window. Positive delta means aggressive buyers did more of the work. It says nothing about who was right.
Drawdown — trailing and end-of-day: How far an account has fallen from its peak. Funded programs measure it two ways: trailing follows the high-water mark tick by tick, so an open profit that comes back counts against you; end-of-day only moves the mark at the session close. Chartveil’s simulated accounts model both, and static drawdown too.
Flip point — zero gamma: The index level where dealers’ net gamma crosses zero. Above it their hedging tends to lean against moves; below it, to push with them. VeilGEX marks it and can read it as an NQ or ES level.
Footprint: A bar opened up to show, at every price it traded, how much volume hit the bid and how much lifted the ask. Chartveil’s is Veil Print.
GEX — gamma exposure: A measure of dealer options positioning. Heavy positive gamma tends to damp movement as dealers hedge against it; past the flip point that reverses. Context, never a signal.
Imbalance: In a footprint, a cell where one side substantially exceeds the diagonally opposite cell. The default test is 200 % and a minimum raw contract difference, so tiny cells do not trip it.
Level 2: Market depth: the resting orders at prices around the last trade, not just the last trade itself. It is the one entitlement you ask your prop firm or broker for; the heatmap and the ladder are built from it, the charts and footprints are not.
MBO — market by order: A feed carrying individual resting orders rather than a total per price. It is what makes biggest × total possible: without it, one 200-contract order and forty 5-contract orders are indistinguishable.
POC, VAH, VAL: Point of control is the price with the most volume in the range. Value area high and low are the edges of the band holding the configured share of volume around it, grown out from the POC one level at a time.
R multiple: A trade’s result measured against what it risked: a trade that risked $200 and made $400 is +2R. The journal’s calendar can read in R instead of dollars, which makes days on different sizes comparable.
Round trip: One flat-to-flat trade: from the fill that opened a position to the fill that closed it, with everything in between netted. The journal counts in round trips, not fills, which is why a scale-in and a scale-out are one trade rather than four.
Shared tape: Every panel reads the same recorded stream of ticks. It is why the heatmap, the footprint and the ladder always describe the same instant rather than three slightly different ones.
Spoof: Resting size shown to attract price and pulled as it arrives. On a heatmap it draws a streak that ends abruptly the moment price gets close.
Tick and point: A tick is the smallest price step an instrument moves in; a point is a whole unit of price. NQ moves in quarter-point ticks worth $5 each on the full contract, so a point is $20; the micro (MNQ) is one tenth of that. Stops and targets in Chartveil are set in ticks or in dollars.
TPO profile: Time-price-opportunity: a letter-based profile where each letter is a time period that traded at that price. A different view of the same data a volume profile summarises by size.
Value area: The band of prices around the point of control that holds a set share of the session’s volume — 68 % is the one-standard-deviation figure the convention derives from. Its edges are the value area high (VAH) and low (VAL).
Wall: A level holding much more resting size than its neighbours. On the heatmap it is a bright streak; on the ladder the biggest level per side is boxed. A wall that pulls as price arrives was a spoof; one that holds and absorbs is the thing to watch.