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 3.40 0.82
Bottoms Long 0 2.62 0.62
Tops Intermediate -0.06 2.45 0.92
Bottoms Intermediate -0.06 2.13 0.93
Tops Short -0.06 2.39 0.53
Bottoms Short 0 2.44 0.47
alerts
Intermediate Term Downward Sloping Trading Channel