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 3.37 0.00
Bottoms Long 0 1.45 0.20
Tops Intermediate -0.06 1.46 0.43
Bottoms Intermediate -0.06 -0.16 0.92
Tops Short -0.18 -0.30 0.93
Bottoms Short -0.06 -0.19 1.00
alerts
Short Term Downward Sloping Trading Channel
Short Term Bullish Breakout