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 7.59 0.95
Bottoms Long -0.06 6.62 0.93
Tops Intermediate -0.06 8.27 0.86
Bottoms Intermediate 0 8.10 0.47
Tops Short 0 8.93 0.35
Bottoms Short 0 8.54 0.15
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout