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 -0.24 22.38 0.95
Bottoms Long -0.24 16.26 0.86
Tops Intermediate -0.36 19.97 0.98
Bottoms Intermediate -0.36 14.21 0.80
Tops Short -0.12 20.71 0.23
Bottoms Short 0.18 21.35 0.63
alerts
Long Term Downward Sloping Trading Channel