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 -0.18 11.91 0.97
Bottoms Long -0.12 10.78 0.97
Tops Intermediate -0.12 13.33 0.98
Bottoms Intermediate -0.06 12.30 0.98
Tops Short -0.06 13.84 0.77
Bottoms Short -0.06 13.17 0.58
alerts
Long Term Downward Sloping Trading Channel
Intermediate Term Downward Sloping Trading Channel