Docs

What Pulse measures

Every market has a mood. Some weeks almost everything climbs and dips get bought within hours. Other weeks the same names slide together and nobody wants to hold them. Most fear and greed indexes mix in surveys, options data or social media. PULSE does not.

PULSE reads the mood of tokenized stocks from their prices alone. Five simple readings, each compared with its own last year, averaged into one number from 0 to 100. Every step is written down on this page, so you can check the number instead of trusting it.

Reading the dial

Open the gauge and pick the whole market or one sector. You will see four things.

The dial

The score from 0 to 100 and its label. Under it, where the score stood a week, a month and three months ago, and how far it has moved since.

The last year

The score for every session of the last year, with the five zones marked on the right. Below it, how many sessions the group spent in each zone.

The readings

Five cards, one per reading, each with its own score and the raw number behind it. Click a card and the panel below explains what it measures, shows it over the year and says why it leans to fear or greed.

The stocks

Every stock in the group with its last month, its distance from the 50 and 200 day averages and where it sits in its 52 week range. The column that matters for the selected reading is highlighted and sorted.

How the temperature is taken

No survey and no machine learning. Four quiet steps, each one repeatable in a spreadsheet.

• Two years of closes

  Two years of daily closing prices for every stock. Two years because the 200 day average and a full year of history need room behind them.

• Five readings

  For every trading day we measure breadth, momentum, new highs against new lows, volatility and trend, each described in the next section.

• Scored against a year

  Each reading is ranked against its own values over the last 250 sessions. A reading higher than on 80% of those days scores 80. Volatility is flipped, so calm scores high and wild swings score low.

• One number

  The five scores are averaged with equal weight. The result gets a label: 0 to 24 extreme fear, 25 to 44 fear, 45 to 55 neutral, 56 to 75 greed, 76 to 100 extreme greed.

The history chart uses the same one year window for every day on it, so the line and today's number sit on one scale. Because every score is a rank inside the last year, 50 means an ordinary day for this year, not an absolute level. A calm year and a wild year can both show extreme fear on their worst days.

The five readings

Breadth

How many stocks trade above their own 50 day average. When most do, buying is broad and not carried by a few big names. When few do, selling is everywhere. More stocks above the line reads as greed.

Momentum

How many stocks are higher than they were 21 trading days ago. It is the simplest check of whether the last month paid the people who held on. More stocks up on the month reads as greed.

Highs vs lows

Stocks that closed at a new 52 week high in the last 5 sessions, minus stocks that closed at a new 52 week low. New highs mean buyers pay up. New lows mean sellers give up. More new highs than lows reads as greed.

Volatility

How much the whole group swings day to day over the last 20 sessions, annualised. Calm markets tend to come with confidence. Wild swings tend to come with fear. Swings that are small for this year read as greed.

Trend

How far the average stock trades above or below its own 200 day average. The 200 day line is the long trend. Far above it is a stretched, confident market. Below it is a market that has lost faith. Further above the long trend reads as greed.

A stock only counts in a reading once it has enough history for it: 50 sessions for breadth, 21 for momentum, 200 for new highs and lows and for trend. Circle, listed in June 2025, joins the slower readings later than the rest.

Sectors and their moods

The whole market is every stock below, equal weight. Each sector gets its own gauge on the same five readings, scored against its own last year.

What the gauge can't feel

The gauge reads the closing prices of the US listings behind the tokens. They arrive from a public market data feed once each US session has ended, and the dial always notes which close it is reading.

PULSE only sees prices. It does not know about earnings, news, rates or index flows, and a group of seven to twelve stocks can swing on one big name. A 52 week high means the highest close of the previous 250 sessions, not the intraday high.

A reading of extreme fear or extreme greed describes the last year of prices. It is not a forecast. Markets can stay fearful or greedy for a long time.

A note on $PULSE

$PULSE is a memecoin on pons.family that carries the name of this gauge and the thought behind it: markets have a mood, and it can be read. It changes nothing about how you use the site. The dial, the readings and these docs are open to everyone, holder or not. The token earns nothing for anyone who holds it, no rewards and no share of income. Its contract address is shared from the project account on launch day.

A calm word of caution

PULSE describes the mood of past prices. It is not investment advice, and it does not suggest buying or selling any security or token. Tokenized stocks and memecoins can lose all of their value, in warm markets and cold ones. Take your time and make your own decisions.