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 13.11 0.88
Bottoms Long -0.06 12.32 0.92
Tops Intermediate 0 13.34 0.56
Bottoms Intermediate -0.06 12.26 0.76
Tops Short -0.06 12.81 0.61
Bottoms Short -0.06 12.16 0.56
alerts
Long Term Downward Sloping Trading Channel