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 6.15 0.88
Bottoms Long -0.24 1.81 0.91
Tops Intermediate -0.12 8.69 0.79
Bottoms Intermediate -0.06 7.19 0.44
Tops Short 0 10.11 0.03
Bottoms Short 0.06 9.38 0.36
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout