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 1.06 0.94
Bottoms Long 0 1.24 0.88
Tops Intermediate 0 1.46 0.68
Bottoms Intermediate 0 1.57 0.01
Tops Short 0 1.85 0.69
Bottoms Short 0 1.76 0.76
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout