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 -0.06 7.70 0.89
Bottoms Long -0.06 5.57 0.91
Tops Intermediate -0.12 6.75 0.85
Bottoms Intermediate -0.12 4.55 0.72
Tops Short 0 7.59 0.13
Bottoms Short 0.06 7.63 0.20
alerts
Long Term Downward Sloping Trading Channel