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Technicals

PREV

Welcome to today's lesson on finance related terms. Today, we will be discussing the new PREV constant, available in the Indicator Builder. This constant is commonly used in custom indicators to reference the previous output of the same formula. Let's look at a general example: PREV+1. This formula takes the previous result and adds one to it. It is "primed" with the first output, allowing for continuous calculation. The PREV function is particularly useful for exponential calculations, such as an 18% exponential moving average: (close * 0.18) + (PREV * 0.82). This formula takes 18% of the closing price and adds on 82% of the previous result. For more information, search for 'Prev Constant' in the MetaStock 6.0 online help or User's Guide index.

One of the popular theories in technical analysis is the belief that small investors are always wrong. This theory suggests that when there is an increase in odd lot sales, ...

As an experienced finance professor, one important term to understand is the breakout. This occurs when a stock's price surpasses its resistance level or falls below its sup...

Island Reversal

In the realm of finance, we often encounter the concept of trading ranges and gaps. Let's delve deeper into one particular scenario where an exhaustion gap up is followed by...

When two trendlines intersect, it signals a potential shift in the market. This point of intersection is where a new trend may emerge as prices near the intersection. As a k...

Accumulation/distribution

The Accumulation/Distribution indicator is a tool used in finance to analyze price and volume changes. As a knowledgeable professor, I can tell you that this indicator is ba...

When two financial indicators align in their movement, we refer to it as convergence. This alignment signifies a higher level of certainty that the trend will persist. On th...

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Commodity

All terms related to the basic goods used in commerce that are interchangeable with other goods of t

Trading Terms

Trading Terms encompass terminology and phrases commonly used in financial markets, including terms

Retirement Planning

All terms and concepts related to the process of saving and investing to ensure financial security a

IPO

All terms and concepts related to the process in which a private company offers its shares to the pu

Currency

All terms related to the system of money in general use in a particular country, representing a medi

Gold

All terms and concepts related to the precious metal gold, including its price, trading, investment,

Market Entities

All terms related to various types of organizations or individuals, like investors, banks, insurers,

Derivatives

All terms & concepts related to financial contracts whose value is based on an underlying asset,

Loans

All terms and concepts related to borrowing money, including different types of loans, interest rate

Stocks

All terms and concepts related to stocks, also known as equities, which represent ownership shares i

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