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 3.30 0.44
Bottoms Long 0 2.77 0.44
Tops Intermediate -0.06 2.64 0.88
Bottoms Intermediate -0.06 2.05 0.82
Tops Short -0.06 2.57 0.52
Bottoms Short 0 2.86 0.26
alerts
Intermediate Term Downward Sloping Trading Channel