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 14.23 0.96
Bottoms Long -0.12 10.25 0.96
Tops Intermediate -0.06 13.86 0.60
Bottoms Intermediate -0.12 9.66 0.91
Tops Short -0.18 10.46 0.89
Bottoms Short -0.18 9.39 0.83
alerts
Long Term Downward Sloping Trading Channel
Short Term Downward Sloping Trading Channel