Market Signal (0–100) describes observed Japanese market conditions for a card — liquidity, stability, trend, cross-market gap magnitude, and data confidence. It is not investment advice, not a buy/sell recommendation, and not a guarantee of profit.
7-day and 30-day momentum of Japan sold-median observations. Large recent moves raise the signal strength — they do not mean “buy”.
Count of labeled Japan sold observations in the last 30 days only. Active listings never count toward liquidity in MVP.
Dispersion of recent Japan sold prices after IQR outlier filter. Tighter sold clusters score higher stability.
Magnitude of US market reference vs Japan sold (USD). Fee-adjusted “edge” is never scored here. Missing US data scores 0 — we never invent a US price.
Same rules as the Data Confidence panel: HIGH / MODERATE / PRELIMINARY from sold n, US ref n, and freshness.