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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.

In finance, the closing price refers to the final price at which a security or financial instrument is traded for the day. It is an important indicator of market sentiment a...

This particular price pattern, often referred to as the V-shaped pattern, displays a sharp decline followed by a quick and strong recovery. This type of pattern is typically...

Relative Strength

As we delve into the world of finance, it is important to understand the concept of relative strength. This refers to the comparison of a stock or group of stocks against a ...

Let's delve into one of the most intriguing aspects of finance: price patterns. These formations appear on commodity and stock charts and hold significant predictive power. ...

In finance, there exists a measure that encapsulates both the volatility and correlation of a stock's returns. This measure allows us to analyze the tendency of two stocks t...

When a financial pattern experiences a rapid return to its previous boundary area after a breakout, it is known as a pullback. This pullback is typically accompanied by lowe...

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Currency

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

Derivatives

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

Public Offerings

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

Commodity

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

Taxes

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

Stocks

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

Fixed Income

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

Property

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

IPO

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

Bank Deposits

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

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