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 -0.12 18.58 0.97
Bottoms Long -0.12 17.69 0.95
Tops Intermediate -0.06 19.44 0.92
Bottoms Intermediate -0.06 18.13 0.86
Tops Short -0.06 19.49 0.66
Bottoms Short -0.06 18.72 0.30
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel