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 -0.12 20.78 0.85
Bottoms Long -0.12 17.24 0.83
Tops Intermediate -0.06 20.62 0.74
Bottoms Intermediate -0.06 19.58 0.44
Tops Short -0.06 21.23 0.31
Bottoms Short 0.06 21.00 0.05
alerts
Long Term Downward Sloping Trading Channel