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 8.15 0.94
Bottoms Long 0 7.64 0.88
Tops Intermediate 0 8.24 0.92
Bottoms Intermediate 0 7.85 0.91
Tops Short 0 8.44 0.12
Bottoms Short 0 8.29 0.11
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel