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 -0.06 19.07 0.87
Bottoms Long -0.06 17.03 0.90
Tops Intermediate -0.12 17.56 0.91
Bottoms Intermediate -0.12 16.38 0.76
Tops Short -0.06 18.06 0.68
Bottoms Short -0.06 17.10 0.34
alerts
Long Term Downward Sloping Trading Channel