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 2.60 0.95
Bottoms Long 0 2.41 0.92
Tops Intermediate 0 2.58 0.89
Bottoms Intermediate 0 2.49 0.47
Tops Short 0 2.74 0.12
Bottoms Short 0 2.54 0.01
alerts
Long Term Downward Sloping Trading Channel