Nightwatch Glossary

Vol Trigger

Vol Trigger is a reference level where price movement may become more sensitive to volatility and hedging effects.

English definition

Vol Trigger is a market-structure reference level used to identify where price may become more sensitive to volatility, gamma, and hedging flows. It is not a guaranteed breakout line. Instead, traders use it as a context marker: if spot trades above or below the trigger, the balance between pinning, acceleration, and mean reversion may change.

中文解释

Vol Trigger 是一个市场结构参考位，用来观察价格在什么区域可能对波动率、Gamma 和对冲流更敏感。它不是保证突破的信号线。交易者通常把它作为背景标尺：当现价位于触发位上下不同区域时，压制、加速和回归之间的力量平衡可能发生变化。

How Nightwatch uses this term

Nightwatch uses Vol Trigger as one market-structure input alongside price, implied volatility, options flow, and dealer-positioning context. It should be read as analytical context, not financial advice.