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 15.86 0.55
Bottoms Long 0 14.56 0.44
Tops Intermediate -0.06 15.25 0.81
Bottoms Intermediate -0.06 13.90 0.85
Tops Short 0 15.78 0.04
Bottoms Short -0.12 13.27 0.68
alerts
Intermediate Term Downward Sloping Trading Channel