Trend
Trenddraws on the price
Colors the bars by trend regime, read from a five-EMA ribbon. The same calculation behind the screener's Trend column, so chart and table can't disagree.
On this chart: Five-EMA ribbon, same engine as the screener's Trend column.
What it measures
The Trend overlay classifies each stretch of the chart into a regime — trending up, trending down, or transitional — from the order and spacing of five EMAs. When the averages are stacked in order and fanning apart, the trend is orderly; when they braid through each other, the tape is transitional.
It is deliberately the same engine that produces the screener's Trend column. One calculation, two views — the chart and the table cannot tell you different stories about the same stock.
How to read it
Read it as background, the way you would read the weather: the coloring says what kind of tape this has been, not what tomorrow is. Long unbroken stretches of one regime are the information; rapid alternation is itself a reading, meaning no trend has control.
Using it on the wheel
Regime is the first sorting question for the wheel: selling a put into an orderly uptrend's pullback, into a rangebound chop, and into a downtrend are three different trades at the same strike. The overlay makes that classification visible before any strike math starts.
Like everything in this guide, these are descriptions of conditions and reference levels — context for your own decisions, not instructions to trade.