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 6.51 0.34
Bottoms Long 0 0.13 0.87
Tops Intermediate 0.3 16.87 0.85
Bottoms Intermediate 0.3 13.32 0.48
Tops Short -0.12 7.28 0.98
Bottoms Short -0.06 7.23 0.81
alerts
Short Term Downward Sloping Trading Channel