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 3.52 0.82
Bottoms Long 0 2.84 0.84
Tops Intermediate 0 2.78 0.64
Bottoms Intermediate 0 2.11 0.00
Tops Short 0.06 2.98 0.81
Bottoms Short 0.06 2.95 0.90
alerts
Long Term Upward Sloping Trading Channel
Short Term Upward Sloping Trading Channel