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 10.20 0.84
Bottoms Long -0.18 4.81 0.89
Tops Intermediate -0.12 11.91 0.30
Bottoms Intermediate 0 8.35 0.60
Tops Short 0 11.63 0.02
Bottoms Short 0.06 10.95 0.05
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout