In progress now Trend line: slope, length, strength · Trend and waves · reading down
6 hits in 377 candles · test this one alone Sign in to be alertedHit on the latest 5-minute candle — Mon 05 Oct 2026, 15:50 IST
Trend line: slope, length, strength has held from the candle of Mon 05 Oct 2026, 15:10 IST through the newest one on file (5 candles), a down reading. It is in progress now.
What the candles did
Over the last 20 candles the fitted line falls 0.09% per candle with R² 0.95; 16 candles since the high of the window, -1.52% from it, but the last close has slipped from the line.
Where it stands on the latest candle
Slope -0.09% per candle (down), R² 0.94 (straight), 19 candles from the window's high, -1.54% 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
After 5 earlier hits on this name's 5-minute candles, the close 12 candles later went the hit's own way (up after an up reading, down after a down one) 3 times of 5 (60%). Median move in the hit's direction +0.01%; best +2.10%, worst -0.43%. Within the window the move typically reached +0.77% in the hit's favour and -0.36% against it.
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 = 0.08, 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 6 hits on this name
- Mon 05 Oct 2026, 15:10 IST down Over the last 20 candles the fitted line falls 0.09% per candle with R² 0.95; 16 candles since the high of the window, -1.52% from it, but the last close has slipped from the line.
- Thu 01 Oct 2026, 12:30 IST down Over the last 20 candles the fitted line falls 0.12% per candle with R² 0.87; 16 candles since the high of the window, -2.25% from it, and the last close is still with the line.
- Thu 01 Oct 2026, 09:45 IST down Over the last 20 candles the fitted line falls 0.12% per candle with R² 0.80; 13 candles since the high of the window, -2.43% from it, and the last close is still with the line.
- Wed 30 Sep 2026, 13:10 IST up Over the last 20 candles the fitted line rises 0.08% per candle with R² 0.81; 18 candles since the low of the window, +1.69% from it, and the last close is still with the line.
- Tue 29 Sep 2026, 15:15 IST down Over the last 20 candles the fitted line falls 0.10% per candle with R² 0.84; 16 candles since the high of the window, -1.69% from it, but the last close has slipped from the line.
- Tue 29 Sep 2026, 11:45 IST up Over the last 20 candles the fitted line rises 0.09% per candle with R² 0.82; 15 candles since the low of the window, +2.20% from it, and the last close is still with the line.