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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, ...

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...

Let us delve into one of the most useful tools in technical analysis, William's Percent R. Developed by renowned trader Larry Williams, this indicator helps identify overbou...

A distribution phase refers to a period in the stock market where the prices of securities are reaching their peak before declining. This phase is also characterized by a re...

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...

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 ...

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Corporate Actions

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

Credit Cards

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

Loans

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

Fixed Income

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

Market Entities

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

Property

The "Property" category in finance encompasses all aspects related to real estate and tangible asset

Financial Instruments

Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various

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

Taxes

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

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