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 6.92 0.90
Bottoms Long -0.06 6.52 0.82
Tops Intermediate -0.06 6.40 0.90
Bottoms Intermediate -0.06 5.28 0.89
Tops Short -0.06 5.86 0.53
Bottoms Short 0 5.84 0.37
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel