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 5.56 0.17
Bottoms Long 0 2.02 0.08
Tops Intermediate 0.6 32.54 0.81
Bottoms Intermediate 0.48 23.44 0.84
Tops Short -0.12 19.92 0.08
Bottoms Short -0.18 17.29 0.18
alerts
Intermediate Term Upward Sloping Trading Channel
Intermediate Term Bearish Breakout