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 0.35 0.25
Bottoms Long 0 -0.02 0.30
Tops Intermediate -0.06 -0.72 0.36
Bottoms Intermediate 0 0.12 0.80
Tops Short 0 0.59 0.58
Bottoms Short 0 0.35 0.40
alerts