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 4.34 0.89
Bottoms Long -0.06 3.00 0.85
Tops Intermediate -0.06 4.91 0.65
Bottoms Intermediate 0 4.49 0.21
Tops Short 0 5.41 0.10
Bottoms Short 0.06 5.56 0.83
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout