Deep-book warning
A validated finding from the research pipeline: when top-of-book flow opposes deep-book flow, adverse-excursion risk is elevated. The indicator computes the signal twice, at depth 1 and depth 10, and warns when they fight.
TOTAL FLOW+2.9σ(5m)
2m +1.8σ
3m +2.4σ
5m +4.2σ
10m +1.1σ
! TOP OF BOOK FIGHTING THE DEEP BOOK
CautionThis is a caution flag, deliberately not an entry arrow.