Trend Analysis: Performs linear regression on short term (20 day), intermediate term (60 day) and long term (120 day) high and low analysis to determine if trend lines (rSquare>0.8) and channels exists. The slope is the daily gain (-loss) of the trend line.Alerts include existence of trend channels and recent break outs.
TrendTermSlopeTodays ValuerSquare
Tops Long 0 0.29 0.54
Bottoms Long 0 0.20 0.45
Tops Intermediate 0 0.54 0.89
Bottoms Intermediate 0 0.44 0.89
Tops Short 0 0.50 0.72
Bottoms Short 0 0.49 0.75
alerts
Intermediate Term Upward Sloping Trading Channel
Intermediate Term Bearish Breakout