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 -0.24 15.50 0.93
Bottoms Long -0.24 9.64 0.85
Tops Intermediate -0.3 14.00 0.91
Bottoms Intermediate -0.12 10.91 0.36
Tops Short -0.06 16.28 0.13
Bottoms Short 0.24 17.37 0.65
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Bullish Breakout