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 8.56 0.92
Bottoms Long -0.06 5.75 0.84
Tops Intermediate -0.06 8.69 0.97
Bottoms Intermediate -0.06 6.29 0.56
Tops Short -0.12 6.83 0.94
Bottoms Short -0.18 5.44 0.81
alerts
Long Term Downward Sloping Trading Channel
Short Term Downward Sloping Trading Channel