In progress now Trend line: slope, length, strength · Trend and waves · reading down
1 hit in 26 candles · test this one alone Sign in to be alertedHit on the latest daily candle — Mon 12 Apr 2021
Trend line: slope, length, strength has held from the candle of Mon 01 Mar 2021 through the newest one on file (7 sessions), a down reading. It is in progress now.
What the candles did
Over the last 20 candles the fitted line falls 0.55% per candle with R² 0.83; 19 candles since the high of the window, -13.89% from it, and the last close is still with the line.
Where it stands on the latest candle
Slope -0.55% per candle (down), R² 0.81 (straight), 19 candles from the window's high, -8.57% from it; the last close is off the line.
What this pattern is taken to mean
The straight-line fit through the last N closes: how steep, how long, how clean. This is the slope/length/strength reading (R6) and a version of the 20-candle rule that fires on a clean run even when one close in the middle dipped.
What followed on this name's own record
No earlier hit on this name's daily candles has a full 10 sessions after it yet, so there is nothing to count.
An observation from stored candles, not advice. Nothing here is a forecast; the decision, and the risk, are yours.
The rule, exactly as checked · n = 20, min_slope_pct = 0.25, min_r2 = 0.8
- Fit a least-squares line through the last N closes (x = candle index).
- Slope % = slope / mean close × 100, per candle. R² = share of the variance the line explains (1 = a ruler, 0 = chop).
- Length = candles since the window's low (for a rising line) or high (falling). Magnitude = % from that extreme to the last close.
- Continuing = the last close is on the slope's side of the fitted line, or the last three closes all moved with the slope.
- The pattern completes when |slope %| ≥ min_slope_pct and R² ≥ min_r2; consecutive qualifying candles count once, at the first.
- Progress always reports the current slope, R², length, magnitude and whether it is continuing.
The last 1 hit on this name
- Mon 01 Mar 2021 down Over the last 20 candles the fitted line falls 0.55% per candle with R² 0.83; 19 candles since the high of the window, -13.89% from it, and the last close is still with the line.