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 -0.12 23.13 0.85
Bottoms Long -0.12 21.48 0.86
Tops Intermediate -0.12 23.19 0.90
Bottoms Intermediate -0.12 21.17 0.75
Tops Short -0.06 23.25 0.26
Bottoms Short 0 22.57 0.02
alerts
Long Term Downward Sloping Trading Channel