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 4.74 0.81
Bottoms Long -0.06 3.01 0.86
Tops Intermediate -0.06 4.58 0.56
Bottoms Intermediate -0.06 2.11 1.00
Tops Short 0 4.75 0.00
Bottoms Short 0 4.40 0.20
alerts
Long Term Downward Sloping Trading Channel