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 0.78 0.95
Bottoms Long 0 0.69 0.88
Tops Intermediate 0 0.61 0.95
Bottoms Intermediate 0 0.52 0.88
Tops Short 0 0.74 0.83
Bottoms Short 0 0.67 0.42
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout