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 16.64 0.59
Bottoms Long 0 14.76 0.12
Tops Intermediate -0.06 14.26 0.85
Bottoms Intermediate -0.06 12.43 1.00
Tops Short -0.06 15.03 0.18
Bottoms Short 0 15.33 0.09
alerts
Intermediate Term Downward Sloping Trading Channel