In progress now Trend line: slope, length, strength · Trend and waves · reading down
5 hits in 231 candles · test this one alone Sign in to be alertedHit on the latest hourly candle — Mon 05 Oct 2026, 15:15 IST
Trend line: slope, length, strength has held from the candle of Mon 05 Oct 2026, 12:15 IST through the newest one on file (4 candles), a down reading. It is in progress now.
What the candles did
Over the last 20 candles the fitted line falls 0.28% per candle with R² 0.80; 14 candles since the high of the window, -5.25% from it, and the last close is still with the line.
Where it stands on the latest candle
Slope -0.29% per candle (down), R² 0.84 (straight), 17 candles from the window's high, -5.00% 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
Only 4 earlier hits on this name's hourly candles with 4 candles after them — too few to say what usually follows. For what it is worth: the close 4 candles later went the hit's way 3 of 4 times, median move -0.03%.
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 5 hits on this name
- Mon 05 Oct 2026, 12:15 IST down Over the last 20 candles the fitted line falls 0.28% per candle with R² 0.80; 14 candles since the high of the window, -5.25% from it, and the last close is still with the line.
- Fri 25 Sep 2026, 10:15 IST down Over the last 20 candles the fitted line falls 0.28% per candle with R² 0.85; 15 candles since the high of the window, -4.83% from it, but the last close has slipped from the line.
- Thu 10 Sep 2026, 13:15 IST down Over the last 20 candles the fitted line falls 0.16% per candle with R² 0.81; 18 candles since the high of the window, -3.76% from it, and the last close is still with the line.
- Mon 31 Aug 2026, 12:15 IST down Over the last 20 candles the fitted line falls 0.28% per candle with R² 0.82; 17 candles since the high of the window, -4.92% from it, and the last close is still with the line.
- Tue 25 Aug 2026, 11:15 IST down Over the last 20 candles the fitted line falls 0.30% per candle with R² 0.83; 16 candles since the high of the window, -5.47% from it, but the last close has slipped from the line.