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 22.83 0.85
Bottoms Long -0.12 18.51 0.84
Tops Intermediate -0.12 21.17 0.77
Bottoms Intermediate -0.12 18.07 0.67
Tops Short -0.24 19.03 0.79
Bottoms Short -0.18 18.63 0.47
alerts
Long Term Downward Sloping Trading Channel