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 8.69 0.07
Bottoms Long 0 1.22 0.01
Tops Intermediate -0.66 -3.76 0.99
Bottoms Intermediate -0.48 -3.74 0.96
Tops Short -0.48 -2.68 0.85
Bottoms Short -0.24 -1.35 0.51
alerts
Intermediate Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout
Short Term Bullish Breakout