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 2.38 0.91
Bottoms Long 0 2.05 0.82
Tops Intermediate 0 2.39 0.74
Bottoms Intermediate 0 2.21 0.10
Tops Short 0 2.43 0.04
Bottoms Short 0 2.38 0.19
alerts
Long Term Downward Sloping Trading Channel