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 31.38 0.02
Bottoms Long 0.06 21.09 0.65
Tops Intermediate -0.6 11.42 0.87
Bottoms Intermediate -0.36 12.80 0.87
Tops Short -0.24 19.22 0.72
Bottoms Short -0.12 19.05 0.39
alerts
Intermediate Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout