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 -0.44 0.90
Bottoms Long -0.06 -0.20 0.89
Tops Intermediate 0 0.27 0.69
Bottoms Intermediate -0.06 -0.13 0.71
Tops Short 0 0.62 0.22
Bottoms Short 0 0.35 0.02
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout