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 9.84 0.86
Bottoms Long 0 8.08 0.85
Tops Intermediate -0.06 9.82 0.79
Bottoms Intermediate 0 8.65 1.00
Tops Short -0.06 8.66 0.96
Bottoms Short -0.06 8.48 0.95
alerts
Long Term Downward Sloping Trading Channel
Short Term Downward Sloping Trading Channel