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 -0.78 -10.39 0.85
Bottoms Long -0.48 -7.56 0.94
Tops Intermediate -0.72 -3.74 0.71
Bottoms Intermediate -0.36 -2.44 0.46
Tops Short -0.18 4.76 0.12
Bottoms Short -0.18 2.44 0.83
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout