WDIETF / FundWestern Asset Diversified Income Fund
Verdicts genuinely change. Free email alert the moment WDI's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Western Asset Diversified Income Fund
628 holdings
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 223% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
UNVERIFIED 28% of this fund's gross exposure is short across 170 positions. Our look-through asks what a fund owns and whether owning it is permissible; a short position is not ownership but an obligation to deliver something the fund does not hold, so a verdict computed as though this were a long-only portfolio would not describe it. The holdings are listed below, with the short positions marked.
628 holdings, 77 matched (15% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
0.34% of this portfolio’s income is non-permissible — weighted across holdings, computed over 11% of portfolio weight (57 of 628 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (628) · showing 501–628
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ATRIUM HOTEL PORTFOLIO TRUST 2017-ATRM | UNSCREENED | 0.10% | no in-house ratios for this holding |
| VZ SECURED FINANCING BV | UNSCREENED | 0.10% | no in-house ratios for this holding |
| Oak-Eagle Acquireco, Inc. | UNSCREENED | 0.10% | no in-house ratios for this holding |
| ALTICE FRANCE SAS | UNSCREENED | 0.10% | no in-house ratios for this holding |
| ALTICE FRANCE SAS | UNSCREENED | 0.10% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | NON_COMPLIANT | 0.10% | no in-house ratios for this holding |
| EGYPT, ARAB REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.10% | no in-house ratios for this holding |
| BUENOS AIRES, CIUDAD AUTONOMA OF - GOBIERNO DE LA CIUDAD | UNSCREENED | 0.09% | no in-house ratios for this holding |
| LifePoint Health Inc | UNSCREENED | 0.09% | no in-house ratios for this holding |
| HUNTINGTON NATIONAL BANK | UNSCREENED | 0.09% | no in-house ratios for this holding |
| ALTICE FINANCING SA | UNSCREENED | 0.09% | no in-house ratios for this holding |
| AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC | UNSCREENED | 0.09% | no in-house ratios for this holding |
| SARATOGA INVESTMENT CORP CLO 2013-1 LTD | UNSCREENED | 0.09% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.09% | no in-house ratios for this holding |
| ETHIOPIA, REPUBLIC OF | UNSCREENED | 0.08% | no in-house ratios for this holding |
| 720 EAST CLO 2022-I LTD | UNSCREENED | 0.08% | no in-house ratios for this holding |
| DISCOVERY GLOBAL HOLDINGS INC | UNSCREENED | 0.08% | no in-house ratios for this holding |
| HUNTINGTON NATIONAL BANK | UNSCREENED | 0.08% | no in-house ratios for this holding |
| ANGOLA, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.08% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL, INC. | UNSCREENED | 0.08% | no in-house ratios for this holding |
| PIONEER OPCO LLC | UNSCREENED | 0.08% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCHANGE INC. | UNSCREENED | 0.08% | no in-house ratios for this holding |
| JAMAICA, GOVERNMENT OF | UNSCREENED | 0.07% | no in-house ratios for this holding |
| UZBEKISTAN, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.07% | no in-house ratios for this holding |
| CHS/COMMUNITY HEALTH SYSTEMS INC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| EyeCare Partners LLC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| MPH Acquisition Holdings LLC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| KENYA, GOVERNMENT OF | UNSCREENED | 0.07% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | NON_COMPLIANT | 0.07% | no in-house ratios for this holding |
| Spirit Airlines, LLC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| EL SALVADOR, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.06% | no in-house ratios for this holding |
| ROCKFORD TOWER CLO 2022-2 LTD | UNSCREENED | 0.06% | no in-house ratios for this holding |
| WIND RIVER 2021-4 CLO LTD | UNSCREENED | 0.06% | no in-house ratios for this holding |
| SIXTH STREET CLO XIX LTD | UNSCREENED | 0.06% | no in-house ratios for this holding |
| RENEW 2024-1 | UNSCREENED | 0.06% | no in-house ratios for this holding |
| HRI HERC HOLDINGS INC | NON_COMPLIANT | 0.06% | AAOIFI200.8% Usmani69.0% Dow Jones Islamic211.0% S&P Shariah223.1% MSCI Islamic69.0% MSCI Islamic M-Series223.1% FTSE Shariah57.7% |
| HRI HERC HOLDINGS INC | NON_COMPLIANT | 0.06% | AAOIFI200.8% Usmani69.0% Dow Jones Islamic211.0% S&P Shariah223.1% MSCI Islamic69.0% MSCI Islamic M-Series223.1% FTSE Shariah57.7% |
| ANGOLA, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.06% | no in-house ratios for this holding |
| DOMINICAN, REPUBLIC OF - MINISTERIO DE HACIENDA | UNSCREENED | 0.06% | no in-house ratios for this holding |
| MOZAMBIQUE, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.06% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL, INC. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| COMMUNITY FUNDING CLO LTD | UNSCREENED | 0.05% | no in-house ratios for this holding |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2018-WPT | UNSCREENED | 0.05% | no in-house ratios for this holding |
| AGL CLO 16 LTD | UNSCREENED | 0.05% | no in-house ratios for this holding |
| MPH ACQUISITION HOLDINGS LLC | UNSCREENED | 0.05% | no in-house ratios for this holding |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | UNSCREENED | 0.05% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL, INC. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL, INC. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.05% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL, INC. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| GHANA, REPUBLIC OF | UNSCREENED | 0.04% | no in-house ratios for this holding |
| SENEGAL, REPUBLIC OF | UNSCREENED | 0.04% | no in-house ratios for this holding |
| ICE INTERCONTINENTAL EXCHANGE, INC. | NON_COMPLIANT | 0.04% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.04% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | NON_COMPLIANT | 0.04% | no in-house ratios for this holding |
| Magenta Security Holdings LLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Spirit Airlines, LLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| WAVE 2019-1 LLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| GHANA, REPUBLIC OF | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BALBOA BAY LOAN FUNDING 2024-2 LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MPH ACQUISITION HOLDINGS LLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| 2007.HK COUNTRY GARDEN HOLDINGS COMPANY LTD | NON_COMPLIANT | 0.02% | AAOIFI1834.8% Usmani18.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.5% MSCI Islamic M-Seriesfail FTSE Shariah18.5% |
| UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.02% | no in-house ratios for this holding |
| 2007.HK COUNTRY GARDEN HOLDINGS COMPANY LTD | NON_COMPLIANT | 0.02% | AAOIFI1834.8% Usmani18.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.5% MSCI Islamic M-Seriesfail FTSE Shariah18.5% |
| ICE INTERCONTINENTAL EXCHANGE, INC. | NON_COMPLIANT | 0.02% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.02% | no in-house ratios for this holding |
| Spirit Airlines, LLC | UNSCREENED | 0.02% | no in-house ratios for this holding |
| JPMorgan Chase Bank, National Association | UNSCREENED | 0.02% | no in-house ratios for this holding |
| UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.02% | no in-house ratios for this holding |
| SRI LANKA, GOVERNMENT OF | UNSCREENED | 0.02% | no in-house ratios for this holding |
| URUGUAY, REPUBLICA ORIENTAL DEL - MINISTERIO DE ECONOMIA Y FINANZAS | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SRI LANKA, GOVERNMENT OF | UNSCREENED | 0.01% | no in-house ratios for this holding |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | UNSCREENED | 0.01% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCHANGE | UNSCREENED | 0.01% | no in-house ratios for this holding |
| UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| ICE INTERCONTINENTAL EXCHANGE, INC. | NON_COMPLIANT | 0.01% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| JPMorgan Chase Bank, National Association | UNSCREENED | 0.01% | no in-house ratios for this holding |
| ALTICE LUXEMBOURG 0 SNR PERP EUR1 '144A' | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SRI LANKA, GOVERNMENT OF | UNSCREENED | 0.01% | no in-house ratios for this holding |
| EUREX Clearing Aktiengesellschaft | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SRI LANKA, GOVERNMENT OF | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SRI LANKA, GOVERNMENT OF | UNSCREENED | 0.01% | no in-house ratios for this holding |
| MS MORGAN STANLEY & CO. LLC | NON_COMPLIANT | 0.01% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| Citibank, National Association | UNSCREENED | 0.01% | no in-house ratios for this holding |
| JPMorgan Chase Bank, National Association | UNSCREENED | 0.01% | no in-house ratios for this holding |
| UKRAINE, REPUBLIC OF - MINISTRY OF FINANCE | UNSCREENED | 0.01% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SRI LANKA, GOVERNMENT OF | UNSCREENED | 0.01% | no in-house ratios for this holding |
| JPMorgan Chase Bank, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| JPMorgan Chase Bank, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Citibank, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Spirit Airlines, LLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Citibank, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Empire Today, LLC - Class A Dummy | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Citibank, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| ICE INTERCONTINENTAL EXCHANGE, INC. | NON_COMPLIANT | 0.00% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2015-P1 | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CITIBANK, NATIONAL ASSOCIATION | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| GHANA, REPUBLIC OF | UNSCREENED | 0.00% | no in-house ratios for this holding |
| ICE INTERCONTINENTAL EXCHANGE, INC. | NON_COMPLIANT | 0.00% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| CITIBANK, NATIONAL ASSOCIATION | UNSCREENED | 0.00% | no in-house ratios for this holding |
| ADD HERO HOLDINGS LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA AOYUAN GROUP LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| JPMorgan Chase Bank, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SPIRIT AVIATION HOLDINGS INC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| ADD HERO HOLDINGS LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Citibank, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| ADD HERO HOLDINGS LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SPIRIT AVIATION HOLDINGS INC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA AOYUAN GROUP LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Bank of America, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA AOYUAN GROUP LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CSMC MORTGAGE-BACKED TRUST | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA AOYUAN GROUP LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Bank of America, National Association | UNSCREENED | 0.00% | no in-house ratios for this holding |
| 2007.HK COUNTRY GARDEN HOLDINGS COMPANY LTD | NON_COMPLIANT | 0.00% | AAOIFI1834.8% Usmani18.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.5% MSCI Islamic M-Seriesfail FTSE Shariah18.5% |
| Symphony CLO Ltd | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SPIRIT AVIA HOL RESTRICT | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 3 points of portfolio weight — 5.8% of it passes FTSE Shariah, 2.4% passes S&P Shariah. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 3.2% ratios fail on 20.0% 199.5% not rated under AAOIFI
ratios pass on 4.2% ratios fail on 18.0% 200.5% not rated under Usmani
ratios pass on 3.7% ratios fail on 21.9% 197.2% not rated under Dow Jones Islamic
ratios pass on 2.4% ratios fail on 22.6% 197.7% not rated under S&P Shariah
ratios pass on 4.2% ratios fail on 21.1% 197.5% not rated under MSCI Islamic
ratios pass on 2.4% ratios fail on 23.9% 196.5% not rated under MSCI Islamic M-Series
ratios pass on 5.8% ratios fail on 16.4% 200.5% not rated under FTSE Shariah
46 of 628 listed holdings carry our own per-methodology verdicts (28% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 43 (27% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for WDI — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 34.60 | NEUTRAL |
| Stochastic %K (14) | 24.41 | NEUTRAL |
| CCI (20) | -117.31 | BUY |
| Williams %R (14) | -75.59 | NEUTRAL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | -1.21 | SELL |
| Momentum (10) | -0.14 | SELL |
| EMA (10) | 11.49 | SELL |
| SMA (10) | 11.47 | SELL |
| EMA (20) | 11.58 | SELL |
| SMA (20) | 11.54 | SELL |
| EMA (30) | 11.69 | SELL |
| SMA (30) | 11.66 | SELL |
| EMA (50) | 11.89 | SELL |
| SMA (50) | 11.98 | SELL |
| EMA (100) | 12.17 | SELL |
| SMA (100) | 12.37 | SELL |
| EMA (200) | 12.35 | SELL |
| SMA (200) | 12.48 | SELL |
Weak — low conviction, small size or skip
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| ⏰ 4H | BEARISH | 33 |
| 🕐 1H | RANGING | 98 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-20 · Asset managers net 901377 (-14458)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.