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 -0.24 52.50 0.91
Bottoms Long -0.18 50.52 0.88
Tops Intermediate -0.24 53.18 0.94
Bottoms Intermediate -0.18 50.53 0.76
Tops Short -0.24 51.42 0.45
Bottoms Short -0.12 50.87 0.15
alerts
Long Term Downward Sloping Trading Channel