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 16.28 0.23
Bottoms Long 0 16.03 0.11
Tops Intermediate 0 15.61 0.97
Bottoms Intermediate -0.06 14.82 0.99
Tops Short 0 15.47 0.29
Bottoms Short 0 15.11 0.53
alerts
Intermediate Term Downward Sloping Trading Channel