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 2.56 0.89
Bottoms Long 0 2.03 0.93
Tops Intermediate 0 2.96 0.79
Bottoms Intermediate 0 2.01 0.58
Tops Short 0.06 2.93 0.91
Bottoms Short 0.06 2.51 0.84
alerts
Long Term Upward Sloping Trading Channel
Short Term Upward Sloping Trading Channel