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 -0.84 322.74 0.83
Bottoms Long -1.08 263.59 0.94
Tops Intermediate -1.08 302.83 0.68
Bottoms Intermediate -1.86 247.53 0.80
Tops Short -0.06 309.75 0.00
Bottoms Short 2.28 327.00 0.89
alerts
Long Term Downward Sloping Trading Channel