What this chart shows
This page computes five indicators already used elsewhere on this site — MVRV Z-Score, NUPL, Puell Multiple, Mayer Multiple, and the 200-Week MA Ratio — then ranks today's reading against that same indicator's own full historical distribution, rather than against a fixed numeric threshold.
A fixed threshold (like "MVRV Z above 7 means euphoria") can drift out of date as market structure changes; a percentile rank can't go stale in the same way, because it's always relative to whatever the full history actually contains as of today. The five percentiles are then averaged into one aggregate reading, shown at the top.
How to read it
Each indicator card shows its current value and where that value ranks historically, from 0 (lowest reading ever recorded) to 100 (highest). The aggregate gauge at the top averages all five into a single temperature reading for the market as a whole. Use the individual indicator pages linked from each card for the full history, formulas and caveats behind each one.
Limitations
Percentile rank inherits every limitation of the indicator underneath it — this page adds no new rigor, it just re-expresses each reading on a common 0-100 scale for comparison. See each indicator's own page for its specific caveats.
The five indicators have different warm-up periods (the 200-Week MA Ratio needs roughly four years of trailing data before its first valid reading), so each percentile is computed against its own valid history, not an identical time window across all five.
Averaging five percentiles into one number treats all five as equally informative, which is a simpler assumption than the tier-weighted approach used on the Composite Score page. The two pages can disagree, and that disagreement itself is informative — check both.