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 0.12 12.77 0.44
Bottoms Long 0.06 8.41 0.47
Tops Intermediate 0 13.51 0.00
Bottoms Intermediate 0 11.50 0.00
Tops Short -0.12 10.05 0.88
Bottoms Short -0.12 9.70 0.90
alerts
Short Term Downward Sloping Trading Channel
Short Term Bullish Breakout