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.

Simple moving average

The Simple Moving Average (SMA) is a commonly used financial indicator that calculates the average value of a data set over a specified time period. This can be a useful too...

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. ...

Sentiment Indicators

As a financial professional, it's important to keep a pulse on market sentiment. This can be achieved by analyzing indicators that reflect the attitudes of both individual i...

A key concept in finance is the high-volume breakout from a consolidation pattern. This occurs when a security's buying strength propels it to higher levels without trading ...

In the world of finance, there exists a phenomenon known as a consolidation pattern. This pattern often occurs during a sharp increase or decrease in the market, taking the ...

In finance, we often talk about the concept of support and resistance levels. These refer to specific price points at which a stock or market average tends to either bounce ...

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

Mutual Funds

All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m

Currency

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

Credit Cards

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

Public Offerings

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

Gold

All terms and concepts related to the precious metal gold, including its price, trading, investment,

Financial Instruments

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

Financial Terms

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

Loans

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

Insurance

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

Fixed Income

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

4.4 Cr+ DOWNLOADS

Enjoy Zero Brokerage On Stock Investments