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Directional CLM (Composite Liquidity Metric) Most oscillators tell you what price did. CLM tells you what price earned. Directional CLM measures how much movement the market actually achieves per unit of friction and participation, then converts the persistence of that earned movement into a single directional conviction reading. A quiet, efficient glide that keeps earning ground builds conviction just as powerfully as a loud impulse — and a loud grind that travels nowhere, despite enormous eff