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 25.70 0.95
Bottoms Long -0.12 21.97 0.92
Tops Intermediate -0.12 23.57 0.92
Bottoms Intermediate -0.18 20.32 0.83
Tops Short -0.12 23.38 0.54
Bottoms Short 0 23.67 0.03
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel