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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.

Rally or Reaction

A stock's counter trend refers to a price movement that goes against the general direction of the stock's trend. This can occur due to various factors such as market volatil...

Short interest ratio

One key metric used in finance is the short interest ratio, which measures the number of days it would take to repurchase all shares that have been sold short. For instance,...

ADX- directional movement index

The Directional Movement Index, or DMI, is a valuable tool for assessing stock trends. As stocks tend to only trend about 30% of the time, this indicator can provide valuabl...

Ascending Triangle (or Rising Triangle)

A fundamental concept in finance, the ascending triangle is a chart pattern characterized by a succession of higher lows and relatively stable highs. This pattern is seen as...

In the world of finance, we often hear about a phenomenon known as "absorption of supply." This refers to the process by which a significant amount of stock or futures contr...

A common chart pattern in finance is the "rectangle" formation, which typically appears after a downward trend. This pattern is characterized by a significant amount of trad...

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Currency

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

Bank Deposits

All terms and concepts related to the placement of money in a bank account, including savings accoun

Commodity

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

Gold

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

Fixed Income

Investments that provide regular, fixed payments, such as bonds and treasury bills.

Options and Futures

All terminologies and concepts related to financial derivatives, including options and futures contr

Stocks

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

Retirement Planning

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

Technicals

All terms and concepts related to technical analysis in finance, which involves using historical pri

Credit Cards

All terms and concepts related to the use, features, and management of payment cards allowing users

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