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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.

Descending Triangle

An Ascending Triangle is a bullish pattern with a break above the upper horizontal resistance line indicating a potential uptrend. Its opposite, the Descending Triangle, is ...

When two trendlines intersect, it signals a potential shift in the market. This point of intersection is where a new trend may emerge as prices near the intersection. As a k...

A horizontal chart pattern, commonly referred to as a "rectangle", is characterized by a tight price range and minimal price swings. This creates a line that can be drawn ac...

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...

Speculation Index

The American Stock Exchange volume, in comparison to that of the New York Stock Exchange, holds a significant place in the history of the stock market. A higher volume on th...

relative strength index

Welcome to our lesson on Relative Strength Index or RSI. This indicator was developed by Welles Wilder Jr. and is commonly used in the world of finance to identify price t...

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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

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

Corporate Actions

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

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.

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

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

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