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 -0.24 18.22 0.95
Bottoms Long -0.24 12.53 0.98
Tops Intermediate -0.12 21.18 0.86
Bottoms Intermediate -0.24 14.61 0.65
Tops Short -0.12 20.88 0.34
Bottoms Short 0.12 21.79 0.48
alerts
Long Term Downward Sloping Trading Channel
Long Term Bullish Breakout