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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.

A triple top, a less common variation of the double top, displays three peaks instead of two. Each peak is accompanied by a decrease in volume compared to the previous one. ...

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,...

Point and Figure Chart

In the world of finance, there exists a method of charting that focuses solely on changes in price and their direction, omitting the dimensions of time and volume. This tech...

Candlestick Charts

Let's delve into a charting method that originated in Japan during the 1700s. This method involves plotting the high and low prices for a specific time period as a single li...

As a finance expert, it is crucial to understand the various graphical representations of financial data. These visual tools provide valuable insights into price trends and ...

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...

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Public Offerings

All terms related to a company selling its shares or bonds to the public for the first time (IPOs) o

Fixed Income

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

Corporate Actions

Terms related to decisions and events initiated by a company that can impact its stock, such as divi

Trading Terms

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

Credit Cards

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

Mutual Funds

All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m

IPO

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

Technicals

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

Loans

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

Insurance

All terms and concepts related to insurance, which is a financial arrangement that provides protecti

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