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 2.27 0.92
Bottoms Long 0 1.07 0.83
Tops Intermediate 0 2.44 0.99
Bottoms Intermediate -0.06 -0.31 0.98
Tops Short 0 2.14 0.18
Bottoms Short 0 1.75 0.53
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel