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 4.50 0.94
Bottoms Long 0 4.17 0.98
Tops Intermediate 0 4.69 0.71
Bottoms Intermediate 0 4.12 0.97
Tops Short 0 4.86 0.02
Bottoms Short 0 4.75 0.43
alerts
Long Term Downward Sloping Trading Channel