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 0.66 0.91
Bottoms Long 0 0.47 0.95
Tops Intermediate 0 0.88 0.72
Bottoms Intermediate 0 0.52 0.85
Tops Short 0 1.04 0.37
Bottoms Short 0 1.00 0.65
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout