Deterministic Policy Compiler & Condition Grammar

1. Valuation, Price & Liquidity Conditions (7 Primitives)

Condition Type	Parameters	Semantics
`premium_below`	`pct: number`	Passes when token premium/discount vs. Pyth reference or PreStocks mark is $< \text{pct}\%$ .
`premium_above`	`pct: number`	Passes when token premium/discount vs. reference mark is $> \text{pct}\%$ .
`price_below`	`usd: number`	Passes when current executable price is $< \text{usd}$ .
`price_above`	`usd: number`	Passes when current executable price is $> \text{usd}$ .
`liquidity_above`	`usd: number`	Passes when onchain pool depth exceeds `usd`.
`volume_24h_above`	`usd: number`	Passes when 24-hour trading volume exceeds `usd`.
`reference_fresh`	(none)	Passes only when the Pyth Core / reference quote is fresh and not carried forward.

2. Event & SEC EDGAR Intelligence Conditions (3 Primitives)

Condition Type	Parameters	Semantics
`no_negative_event`	`minSeverity`, `lookbackHours`, `includeRumors`	Passes only if no negative event at or above `minSeverity` occurred within `lookbackHours`.
`sec_filing_detected`	`lookbackHours`, `itemCode?`	Passes when an official SEC EDGAR filing (optionally matching an `8-K` item code like `2.02` or `1.01`) is detected.
`positive_catalyst`	`minSeverity`, `lookbackHours`, `requireConfirmedOrCorroborated`	Passes when a positive event of at least `minSeverity` is verified as `confirmed` or `corroborated`.

3. Technical & Candle Replay Conditions (10 Primitives)

All technical conditions (TECHNICAL_CONDITIONS) can be replayed deterministically from historical OHLCV candles for 5-year agent backtesting:

Condition Type	Parameters	Semantics
`ema_trend`	`fast`, `slow`, `direction` (`bullish`\|`bearish`), `requireCross`	Evaluates Exponential Moving Average alignment or fresh crossover.
`rsi_below`	`period` (default `14`), `value` (`0–100`)	Passes when Relative Strength Index falls below `value`.
`rsi_above`	`period` (default `14`), `value` (`0–100`)	Passes when Relative Strength Index rises above `value`.
`breakout_high`	`lookback: number`	Passes when close breaks above the highest high of the prior `lookback` bars.
`breakdown_low`	`lookback: number`	Passes when close breaks below the lowest low of the prior `lookback` bars.
`relative_volume_above`	`lookback` (default `20`), `ratio`	Passes when current bar volume exceeds `ratio` $\times$ average volume over `lookback` bars.
`close_above_sma`	`period: number`	Passes when close is above the Simple Moving Average over `period` bars.
`close_below_sma`	`period: number`	Passes when close is below the Simple Moving Average over `period` bars.
`return_above`	`bars: number`, `pct: number`	Passes when cumulative return over `bars` exceeds `pct%`.
`return_below`	`bars: number`, `pct: number`	Passes when cumulative return over `bars` is below `pct%`.
`change_24h_above` / `change_24h_below`	`pct: number`	Evaluates rolling 24-hour percentage change.

4. Derivatives & Basis Arbitrage Conditions (2 Primitives)

Condition Type	Parameters	Semantics
`funding_rate_above`	`aprPct: number`	Passes when annualized perpetual funding rate exceeds `aprPct%`.
`basis_spread_above`	`bps: number`	Passes when the spot-to-reference or spot-to-perp basis exceeds `bps` basis points.

Lifecycle of a Trading Policy