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 3.06 0.38
Bottoms Long 0 1.99 0.93
Tops Intermediate 0 2.52 0.84
Bottoms Intermediate -0.06 1.49 1.00
Tops Short 0 2.84 0.14
Bottoms Short 0 2.68 0.21
alerts
Intermediate Term Downward Sloping Trading Channel