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 2.63 0.89
Bottoms Long 0 2.15 0.89
Tops Intermediate -0.06 2.26 0.87
Bottoms Intermediate 0 2.24 0.54
Tops Short 0 2.82 0.01
Bottoms Short 0 2.74 0.53
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout