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 -0.12 5.61 0.88
Bottoms Long -0.06 4.10 0.94
Tops Intermediate -0.06 6.20 0.54
Bottoms Intermediate -0.06 4.44 1.00
Tops Short -0.24 3.17 0.91
Bottoms Short -0.12 4.40 0.63
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout
Short Term Bullish Breakout