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 6.60 0.85
Bottoms Long -0.06 5.69 0.95
Tops Intermediate -0.06 6.69 0.65
Bottoms Intermediate -0.06 5.55 0.87
Tops Short -0.12 5.63 0.72
Bottoms Short -0.06 5.81 0.33
alerts
Long Term Downward Sloping Trading Channel