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 6.88 0.91
Bottoms Long -0.06 4.76 0.90
Tops Intermediate -0.06 6.42 0.79
Bottoms Intermediate -0.06 5.79 0.84
Tops Short -0.06 6.18 0.87
Bottoms Short -0.06 5.52 0.77
alerts
Long Term Downward Sloping Trading Channel