Market X-Ray · Toolbox 4
Dynamic Divergence Scanner
The classic divergence is price making a new high while RSI does not. This is the market-structure version: the index rises, but equal-weight breadth, credit, small-caps and concentration don't confirm. Each relationship is scored on how unusually large the gap is versus its own history, how long it has persisted, and whether the other toolboxes agree — then rolled into one Global Divergence Risk Score and a regime read.
Updated daily · data as of loading…
By family
Alerts — non-confirmations & clusters
No active divergence alerts right now — the surface and the structure broadly agree.
Every relationship — scanned
| Divergence | Dir | Severity | Gap | z | Days | State | Confirm |
|---|---|---|---|---|---|---|---|
| Divergence reads load on the next refresh. | |||||||
How to read it
For each rule a primary price index is compared with a confirmation structure series. Returns are direction-normalised (a rising concentration ratio counts as bearish), so the divergence gap = primary return − normalised confirmation return is positive whenever the headline is outrunning what's underneath. The gap is z-scored against its own 252-day history; severity blends magnitude (vs a horizon target), that historical extremeness, persistence (days the divergence has held), importance, 21d/63d agreement, and how many other toolboxes (Breadth-of-Breadth, Ratio-Quality, Beta-Instability) confirm. Bearish = index up while structure fails; bullish = index weak while structure quietly improves. NH marks a new-high non-confirmation.
For information and discussion only — a reading of market internals, not investment advice. Thresholds are uncalibrated pending the planned backtest. Cross-reads with Breadth-of-Breadth, Ratio-Quality and the Beta-Instability X-Ray.
FAQ · from the current data
Quick answers
What does the Dynamic Divergence Scanner track?
It scans whether the headline index (S&P 500 / Nasdaq-100) is trending one way while the structure beneath it — breadth, credit, small-caps, concentration — trends the other. Each relationship is severity-scored on how unusual the gap is versus its own history, how long it has persisted, and whether other toolboxes agree, then rolled into one Global Divergence Risk Score.
What is the Global Divergence Risk Score right now?
The Global Divergence Risk Score refreshes after each US close; see the headline panel above for the current reading.
How many divergences are currently active?
The active-divergence count refreshes after each US close; see the summary stats above for the current figures.
How is a divergence’s severity scored?
The divergence gap (primary index return minus direction-normalised confirmation return) is z-scored against its own 252-day history. Severity blends that magnitude and historical extremeness with persistence (days active), importance, 21-day/63-day agreement, and how many other toolboxes — Breadth-of-Breadth, Ratio-Quality, Beta-Instability — confirm the same read.