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 3.93 0.02
Bottoms Long 0 1.93 0.02
Tops Intermediate -0.06 1.39 0.96
Bottoms Intermediate -0.06 0.10 0.97
Tops Short 0 1.82 0.09
Bottoms Short 0 0.89 0.89
alerts
Intermediate Term Downward Sloping Trading Channel