Raw price is the Indicator option on a risk condition that applies no transformation, so the condition compares the watched series' own published level against your threshold. It is the simplest of the four indicator options, and the one a new condition starts on.
Also seen as: price level, index level, untransformed series.
How does Fincanva handle it?
CBOE volatility index level. Risk-Off when volatility exceeds the threshold.
Go Risk-Off when the of .
Back to Risk-On when it .
When the rule flips, switch .
- Raw price is one of four Indicator options, alongside "Simple moving average", "Percent change" and "Average momentum"; the sheet's hint for it reads "The series as it is published: a price, an index level or a spread."
- It takes no lookback window — the Period field applies to the indicators that summarise a span.
- The threshold you type is read in the series' own units: an index level for an index, a rate in percent for a yield series, a price for a stock or ETP.
- Several built-in risk templates use it, including the VIX and VIX ratio templates and every yield-curve spread template.
What does it look like in practice?
You build a Single series condition on a volatility index and leave the Indicator at "Raw price". The condition now reads whatever the index publishes: 18 one day, 31 a few weeks later. Those readings are compared straight against the number in the Risk-Off comparison, with no averaging, no percentage and no window in between — so a single day's print is the whole signal. That directness is exactly why the confirmation delay exists: on a Raw price condition it is the only thing that stops one unusual day from asking for a switch.
Change the same condition's Indicator to "Simple moving average" with a Period of 22 and the comparison would instead read the average of the last 22 days — a smoother number, and one that needs a Period to be meaningful. All the parts of a condition are listed in what a risk condition is made of.
When does a condition use Raw price?
A condition uses Raw price whenever the number you want to compare against is the series' published level itself, not something derived from it. That covers a volatility index you compare against a level, a yield spread you compare against zero, and a price you compare against another price. Because nothing is derived, no window is involved: the Period field has nothing to read over and does not apply. In a Double series condition, Raw price on one side is how a series is compared against a transformed version of itself — for example a price against its own moving average.