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 -0.48 51.18 0.98
Bottoms Long -0.42 43.72 0.96
Tops Intermediate -0.36 52.60 0.88
Bottoms Intermediate -0.36 45.60 0.81
Tops Short -0.12 55.90 0.18
Bottoms Short -0.18 49.80 0.97
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel