What's the difference between order flow and chip data (institutional investors)?

Chip data (e.g. Taiwan's three major institutional investors) is identity, published T+1 — who traded yesterday. Order flow is execution, in real time — which side was the aggressor right now, without knowing who. Traditional markets like TAIEX only have free chip data, not tick-level order flow; BTC/ETH have real order flow.

What's the difference between quant Strength and the AI Oracle?

Quant Strength is a mechanical, fixed-rule baseline score (0-100, a position-in-range gauge). The AI Oracle is the AI's own directional call, which can ride the Strength reading or fade it. Both are graded separately and published side by side so you can see whether the Oracle adds value.

Where do these definitions come from?

Each definition links to See-Market's own tutorial or methodology page (linked below each term), compiled with reference to public sources like the IMF, BIS and CME Group. This page is descriptive only, not investment advice.

Financial glossary — order flow, capital flow & the Oracle, in one page

A quick-reference glossary for every term See-Market uses — order flow, CVD, open interest, capital flow, risk-off, quant Strength and hit rate — each with a short definition and a link to the full explanation. Descriptive only, not investment advice.

Order flow: The record of actual trades and which side was the aggressor — buyers lifting the offer versus sellers hitting the bid. Needs tick-level data, so See-Market shows real order flow only for BTC/ETH. Full explanation →
CVD (cumulative volume delta): Aggressive-buy volume minus aggressive-sell volume, added up over time. Rising CVD = net accumulation; falling CVD = sellers in control. Full explanation →
Open interest & funding rate: Open interest (OI) is the total live futures contracts; rising OI + rising price = new longs entering. Funding rate is the periodic fee longs/shorts pay each other to keep perpetuals near spot. Full explanation →
Long/short ratio: How many accounts are long versus short — a crowd-positioning gauge, not a direction forecast. A high ratio during price weakness is a contrarian warning ('crowded long'), not bullish. Full explanation →
Accumulation vs distribution: Accumulation is steady net buying (capital flowing in); distribution is steady net selling (capital quietly leaving). For markets without tick data, See-Market measures this from where each day closes within its range, weighted by volume. Full explanation →
Order flow vs chip data: Chip data (e.g. Taiwan's three major institutional investors) is identity, published T+1 — who traded yesterday. Order flow is execution, in real time — which side was the aggressor right now, without knowing who. Full explanation →
Capital flow: The direction money is pressing across markets and asset classes over a longer horizon than a single trade — the macro-level counterpart to order flow's tick-by-tick view. Full explanation →
Risk-off & safe havens: A market regime where investors collectively cut exposure to riskier assets and crowd into safer ones — government bonds, the U.S. dollar, haven currencies, gold and cash. Full explanation →
Taiwan's three major institutional investors: Foreign institutions, domestic investment trusts and dealers' proprietary desks — TWSE/TAIFEX report each one's net buy/sell separately after the close. Part of chip data, not order flow. Full explanation →
Quant Strength (0–100): A mechanical, fixed-rule score for where today's price sits within its own recent range. 50 is neutral; above leans bullish, below leans bearish. A position-in-range gauge, not a probability. Full explanation →
The AI Oracle: The AI's own independent bull/bear call, which can ride the quant Strength reading or fade it. Graded separately from Strength on the same forward record, so you can see whether it adds value. Full explanation →
Hit rate: Five trading days after each call, the close is compared to the close on the call day: a bullish call is a hit if price rose, bearish if it fell. Published in full, misses included, never edited after the fact. Full explanation →

Read the full guides

Last updated: 2026-07-12