Methods

Methods and data dictionary

What Pulse measures, what it never publishes, and how figures, limitations and revisions work.

Network research

Pulse describes aggregated instructions received by the PineConnector bridge. A tracked instruction is one instruction received by the bridge; it is not a broker fill, an executed order, an open position or a trading decision. The network methodology sets out the population, windows and exclusions.

Data dictionary

Every recurring series, generated from the series registry. Each entry lists what the series does not measure.

Asset-Class Rotation

Definition
Share of tracked entry-instruction activity by asset class (foreign exchange, metals, equity indices, crypto, other) within the coverage window.
Population
entry instructions received by the bridge in the coverage window
Unit
Share of a published whole (%)
Grain
monthly
Does not measure
  • adoption, popularity, or number of participants
  • market exposure, position size, or market volume
  • execution, fills, or performance

Market Leaderboard

Definition
Share of tracked entry-instruction activity by normalized market, for leading markets passing internal publication safeguards; plus top-4 combined share as a concentration submetric.
Population
entry instructions received by the bridge in the coverage window
Unit
Share of a published whole (%)
Grain
monthly
Does not measure
  • adoption, popularity, exposure, or performance
  • a prescriptive market ranking

Entry / Management Mix

Definition
Composition of all tracked instructions: entry instructions versus management-and-other instructions.
Population
all tracked instructions received by the bridge in the coverage window
Unit
Share of a published whole (%)
Grain
monthly
Does not measure
  • trading frequency, activity level, or number of trades
  • whether positions were opened or managed at the broker

Exit-Field Adoption

Definition
Share of entry instructions carrying recognized stop-loss and/or take-profit fields, in four mutually exclusive groups (both / SL only / TP only / neither), plus derived any-SL and any-TP rates; broken down by asset class in editions.
Population
entry instructions received by the bridge in the coverage window
Unit
Share of a published whole (%)
Grain
monthly
Does not measure
  • risk management actually practiced
  • field validity, broker acceptance, execution, or protection of a position (exits may live in EA settings, later instructions, or strategy logic)

The Trading Clock

Definition
Distribution of entry-instruction activity across the hours of the day and days of the week: hourly shares, peak-to-quiet ratio, strongest 4-hour block, and per-class intraday rhythm.
Population
entry instructions received by the bridge in the coverage window
Unit
Share of a published whole (%)
Grain
hourly-shares within monthly window
Does not measure
  • when it is good, safe, or liquid to trade anything
  • executions or fills; instructions can arrive while a market is closed

Weekend Effect

Definition
Weekend activity as a share of average-weekday activity, and the asset-class composition of weekend versus weekday activity.
Population
entry instructions received by the bridge in the coverage window
Unit
Ratio of published shares or indices
Grain
daily-shares within monthly window
Does not measure
  • execution or liquidity (weekend instructions can arrive while the underlying market is not trading normally)

Entry Immediacy

Definition
Composition of entry instructions by command family: direct entries, pending entries, and close-and-reverse.
Population
entry instructions received by the bridge in the coverage window
Unit
Share of a published whole (%)
Grain
monthly
Does not measure
  • broker order types, confirmed fills, or executed trades

Direction Balance

Definition
Activity-weighted long share of entry instructions, overall and by asset class and leading market; net long/short bias in percentage points; and weekday persistence (weekdays above 50% long, median daily long share).
Population
entry instructions with a recognized direction field, coverage window
Unit
Share of a published whole (%)
Grain
daily-shares within monthly window (persistence); monthly headline
Does not measure
  • Direction describes historical entry instructions, never positions, exposure, sentiment or advice.

Published forms

Pulse publishes only shares of a published whole and their percentage-point changes, within-window indices, ratios of published shares or indices, percent changes of instruction activity between windows, and ranks or medians of those. It never publishes absolute network quantities, commercial sizing, broker or prop-firm attribution, or performance and profitability claims. Figures are instruction-weighted: each instruction counts once.

The indices and instruction measures present source-linked views of these registered measures.

From released evidence to a measure or Note

The headline activity measure keeps the registered percentage-change form. It shows the raw calendar-month comparison alongside the standardised-week comparison, with an explicit label for each basis.

The share measures and retrospective Notes reuse approved fields from the August bulletin. No new extraction, population filter or audit attestation is implied. Where a prior share is derived, it uses the released current share and its percentage-point change. Downloads include the exact source-field address and transformation.

The August release recomputed July using consistent eligibility rules. Its July comparison can differ from the independently published July bulletin; these views do not splice the two releases into a continuous history. The source time zone remains unconfirmed.

The stop-loss-field measure covers recognised fields in alert text. It does not measure whether a stop is defined in the receiving EA or accepted at the broker. Weekend crypto share is a within-month comparison of day-type composition, not a historical trend.

Limitations

Period reports end with their report content and reference data. General definitions and interpretation limits are available in this hub and the network methodology. Working Papers and Notes retain their numbered limitation notes and backlinks.

Working Papers open with a question, hypothesis and test written before the data is pulled, and publish them as written even when the hypothesis fails. A result that fails any robustness check is not published as a finding.

Figure data

Figures and tables are numbered within each publication. Each has a caption, a source line and a CSV of the exact published aggregate behind it, at /data/<publication>/<figure>.csv. The CSV is generated from the same data as the chart, so the two cannot drift. External market context is attributed to its source and is not republished as Pulse data.

Revisions and corrections

Period-report revision and correction records are preserved below from their source records. Working Papers and Notes retain their own revision history. Earlier values and reasons remain recorded; a presentation change does not restate data.

July 2026

  1. Version 1.0 (current) The report as currently published.

August 2026

  1. Version 1.1 (current) Complete August and July source-calendar months replace the earlier matched partial windows. The restatements below record every changed figure.
  2. Version 1.0 First release, covering 1–27 August 2026 against the matched 1–27 July 2026 window.

Partial-month coverage → complete-month coverage Complete source-calendar months replace the earlier matched partial windows. Both periods now exclude parser-rejected records, malformed command-symbol echoes and obvious placeholder symbols; these eligibility refinements also change the comparison population.

2026-08-27 → 2026-08-31 August coverage now includes the complete month.

2026-07-27 → 2026-07-31 The July comparison is recomputed for the complete month under this edition’s eligibility rules. These figures may differ from the separately published July report.

-0.02 → -4.8 Total instruction-activity change (%): recomputed on full August and July source-calendar months with consistent eligibility.

19.1 → 8.1 Entry instruction-activity change (%): recomputed on full August and July source-calendar months with consistent eligibility.

-23 → -22 Management and other instruction-activity change (%): recomputed on full August and July source-calendar months with consistent eligibility.

65.1 → 64.8 Entry share of all tracked instructions (%): recomputed on full August and July source-calendar months with consistent eligibility.

31.5 → 31.8 Gold share of entry instructions (%): complete-month replacement.

September 2026

  1. Version 1.0 (current) First release, covering the complete September 2026 source-calendar month against complete August 2026.

Q3 2026

  1. Version 3.0 (current) Number all Q3 figures in reading order while preserving exact source data.
  2. Version 2.0 Use available-period wording while preserving exact comparison dates and values.
  3. Version 1.0 First reviewed publication for this reporting period.

External sources

The Markets section uses public data with its own sources and terms. See Sources & Methods for each source, its reuse terms and its limits.