Definition
#Records the bar slot of the most recent strict new low since 00:00 UTC. The filter is true while that slot remains inside the selected rolling window: the live bar plus the preceding completed bars. The opening trade establishes the day's initial low; it does not count as a breakdown.
Formula & calculation
#True if: current price < lowest price since 00:00 UTC, and that event occurred within the selected rolling windowUnits & range
Boolean. Available independently in the 5m, 15m, and 60m scanner groups.
Interpretation
#True means the instrument traded below every earlier price from the current UTC day recently. It can remain true after a bounce because it records the recency of the breakdown, rather than whether price is still at the low.
Practical usage
#Use as a sell-side event gate. Combine it with a liquidity floor, negative Net Taker Imbalance, Sell Volume Z-Score, and a negative Current Window Return to distinguish sustained selling from a brief downside probe.
Common mistakes
#Frequent interpretation traps and misuse patterns to avoid when applying this metric.
- Treating an equal-price retest as a fresh breakdown. Only a strictly lower trade refreshes the event.
- Confusing a recent day low with continued downside momentum after price has already bounced.
- Using it without sell-side flow or volume confirmation.
Timeframe note
#This metric applies to rolling windows such as 5m, 15m, and 60m. The underlying definition stays the same; what changes is the time horizon used to measure it. Shorter windows react faster, while longer windows smooth noise and emphasize broader structure.
5m
Faster response to fresh changes in activity and short-horizon structure.
15m
Balanced view between responsiveness and persistence.
60m
Broader context that is slower but more stable.