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 -6.77 0.99
Bottoms Long -0.12 1.95 0.88
Tops Intermediate -0.06 4.53 0.64
Bottoms Intermediate 0 4.06 0.03
Tops Short 0.12 5.95 0.61
Bottoms Short 0.12 5.28 0.84
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout