identifying trend in stock markets

Here is a full list of the criteria we require for a data series to be formally identified as an uptrend:

• The actual value must lead the 25-day moving average;
• the 25-day moving average must lead the 65-day moving average;
• the 25-day moving average must have been rising for at least 5 days;
• the 65-day moving average must have been rising for at least 1 day;
• to filter out passive uptrends, the data must show a rise of at least 2.5% on the month.

The analytical criteria for a downtrend are exactly the converse of the above criteria.