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 -0.12 2.06 0.84
Bottoms Long -0.12 -1.85 0.92
Tops Intermediate -0.12 -0.56 0.84
Bottoms Intermediate -0.12 -0.57 0.73
Tops Short 0 1.04 0.02
Bottoms Short 0 1.08 0.60
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout