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 0.96 0.97
Bottoms Long 0 0.70 0.85
Tops Intermediate 0 0.94 0.77
Bottoms Intermediate 0 0.73 0.78
Tops Short 0 0.91 0.02
Bottoms Short 0 0.83 0.00
alerts
Long Term Downward Sloping Trading Channel