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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.

Trendlines are a powerful tool in analyzing the movement of prices in the financial market. They are drawn through a series of two or more successive lower peaks in a downtr...

Advance/Decline Data

Market breadth refers to the ratio of advancing stocks, bonds, or commodities to declining ones during a specific time frame. It is a crucial indicator in evaluating the ove...

Member Short Sales Ratio

Let's discuss the ratio of short selling by NYSE members to the total short-selling on the exchange. This measure is often used to gauge the sentiment of market professional...

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. ...

This pattern is known as a "blow-off top" or a "blow-off bottom". In the world of finance, there exists a phenomenon known as a chart pattern. It is a visual representation ...

A common pattern in finance is the converging triangle, resembling the shape of a triangle with both trendlines moving in the same direction. This can take the form of an up...

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Stocks

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

Bank Deposits

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

Fixed Income

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

Credit Cards

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

Options and Futures

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

Corporate Actions

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

Insurance

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

Financial Terms

A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used

Taxes

All terminology and concepts related to various tax types, tax laws, and taxation principles.

Currency

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

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