The Trend of any given series is the direction it is headed over a period of time.
They are displayed on Trend Indicator Chips and appear as Improving, Neutral and Worsening.
To assess the Trend of a Series, Khalo employs two Moving Averages that will serve as both a signal as well as a confirmation line, respectively. The signal line represents a 3-month Moving Average. The confirmation line utilizes a 6-month Moving Average. They work together as partners.
When the signal line has a higher value than the confirmation line the output of the Trend Indicator Chip will indicate that the series is reporting as Improving - and will be green in color.
When the signal line and the confirmation line are trending as equals, then the Trend Indicator Chip will display that the series is trending as a Neutral - and will be light blue in color.
When the signal line is below the confirmation line, then the output of the chip will be that the series is Worsening - and will appear as red.
(However, please note that for the odd series like unemployment, where a lower value represents a better outcome, the chip would display a negative result - or like a golf score.)