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 3.96 0.66
Bottoms Long 0.06 7.31 0.34
Tops Intermediate 0 3.80 0.68
Bottoms Intermediate -0.06 2.97 0.96
Tops Short -0.06 3.38 0.89
Bottoms Short -0.06 2.93 0.94
alerts
Short Term Downward Sloping Trading Channel