Run of seven

phraseShop talkStatistics

Seven consecutive chart points on one side of the centerline, or steadily rising or falling, read as a process shift.

Run of seven is shop shorthand for the most widely used run rule: seven points in a row above or below the centerline, or seven in a row each higher or lower than the last. The chance of seven points landing on one named side by luck alone is 1 in 128, so a run that long usually marks a small sustained shift or a drift. Some rule sets use eight or nine points instead of seven to cut false alarms.

Heard on the job

No single point is out, but that's a run of seven below center since the new pad went on. Something moved.

Also heard as

  • seven in a row
  • run
  • trend