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 7.34 0.81
Bottoms Long 0 6.64 0.49
Tops Intermediate -0.06 7.12 0.81
Bottoms Intermediate -0.12 4.46 1.00
Tops Short 0 7.40 0.12
Bottoms Short 0 7.53 0.11
alerts
Intermediate Term Downward Sloping Trading Channel