Three levels before a decision.
MIZAN draws the proposed entry, stop, and target as dotted levels on the chart. Read them together with the setup’s conviction and reward-to-risk value.
The levels describe the setup’s geometry. They are not an order confirmation, a guarantee of a fill, or an instruction to trade.
What reward-to-risk measures.
For a proposed long setup, the reward distance runs from entry to target; the risk distance runs from entry to stop. For a short setup, those directions reverse.
The ratio compares the magnitude of those two distances. For example, a target 15 points from entry and a stop 10 points from entry describes 1.5R before execution costs. That is an arithmetic example, not a forecast or a trade recommendation.
Why evidence can still be refused.
The engine applies both a conviction floor and a reward-to-risk floor. A high score cannot rescue geometry that fails the selected minimum.
Read the small-cross label to distinguish a conviction refusal from a geometry refusal. The chart-mark reference describes those labels and the other gate symbols.
Settings change the question.
The risk buffer and target mode affect the displayed ratio. Active presets can override the manual conviction and reward-to-risk thresholds.
Use the settings map to identify which controls are active. When comparing sessions or ledger results, match those controls instead of assuming that two similarly shaped marks had the same geometry.
A defined setup can still lose.
The stop is an invalidation level in the model. It does not guarantee an execution price during a gap or a fast move. A target does not guarantee that an order reaches or fills there.
The ledger accounting rules describe how MIZAN resolves modeled outcomes, including ambiguous bars that touch both levels. Read that accounting before interpreting a historical R result.