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 78.06 0.19
Bottoms Long -0.06 61.98 0.51
Tops Intermediate 0.18 78.22 0.79
Bottoms Intermediate 0.18 72.84 0.55
Tops Short 0.42 81.44 0.87
Bottoms Short 0.48 80.17 0.86
alerts
Short Term Upward Sloping Trading Channel