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 10.19 0.84
Bottoms Long -0.06 8.78 0.88
Tops Intermediate -0.06 9.14 0.93
Bottoms Intermediate 0 8.90 0.57
Tops Short -0.06 8.95 0.94
Bottoms Short 0 9.08 0.11
alerts
Long Term Downward Sloping Trading Channel