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 -0.18 13.01 0.91
Bottoms Long -0.06 10.25 0.93
Tops Intermediate -0.18 13.38 0.78
Bottoms Intermediate -0.12 11.21 0.50
Tops Short 0 14.68 0.01
Bottoms Short 0 12.94 0.01
alerts
Long Term Downward Sloping Trading Channel