Medi Assist Healthcare IPO

Open Demat Account

Open Demat Account Login

Home Technicals

Finance Wiki

Trending Categories

All Financial Terms Financial Instruments Market Entities Corporate Actions Public Offerings Fixed Income Instruments Currency Commodity Mutual Funds Derivatives Trading Terms Taxes

More

More

Derivatives Trading Terms Taxes Property Fixed Income Credit Cards Options and Futures Stocks Insurance IPO Technicals Retirement Planning Loans Gold Bank Deposits

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

#

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.

Cyclic analysis

Seasonal analysis is a method used to identify patterns and fluctuations in prices. It takes into consideration different factors that are associated with different times of...

Positive divergence

Positive divergence is a crucial concept in finance. It refers to a situation where a price index is simultaneously showing a lower bottom while a technical indicator is dis...

Random walk theory

The efficient market hypothesis states that the historical trend of a stock or market cannot be relied upon to forecast its future trend. This theory suggests that all avail...

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...

A rapid escalation in price, often accompanied by an unusual surge in trading activity. This phenomenon is typically the result of a prolonged period of growth, leading to a...

Ascending Triangle (or Rising Triangle)

A fundamental concept in finance, the ascending triangle is a chart pattern characterized by a succession of higher lows and relatively stable highs. This pattern is seen as...

Open Free Demat Account!

Enjoy Zero Brokerage on Equity Delivery

Join our 2 Cr+ happy customers

Want to open an NRI account?

Explore other categories

Credit Cards

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

Financial Terms

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

Market Entities

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

Fixed Income Instruments

All terms related to investments like bonds or treasury bills that provide regular, fixed payments,

Financial Instruments

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

Trading Terms

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

Bank Deposits

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

Derivatives

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

Commodity

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

Options and Futures

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

4.4 Cr+ DOWNLOADS

Enjoy Zero Brokerage On Stock Investments