The dependency map
Two branches are volatility-quoted end to end; two are volatility-aware and structurally static.
Trend Partial and Trend No-Partial depend on the panel for things they cannot compute otherwise: which coefficient the trail should run at, how wide the envelope needs to be for the instrument's current state, whether continuation conditions justify the management posture at all. Remove the panel and those branches lose a required input. Normal and Overflow are static by design — a fixed break-even level, a fixed target, no trail — so no panel output enters their management. They still benefit from the reading, but as context rather than as a parameter, and the difference between those two roles is what the tiering encodes.
| Branch | Consumes | Freshness need | If the panel is stale |
|---|---|---|---|
| Trend Partial | Trail coefficient | Strict — per session | Wrong trail width |
| Trend No-Partial | Envelope and unlock | Strict — per session | Choked or exposed |
| Normal | Context only | Advisory | No management effect |
| Overflow | Context only | Advisory | No management effect |
Read the right column first. A branch that needs a guarantee and a branch that needs context are different customers, and pretending otherwise means one of them is being served badly.
