Forex Terms L
Larry Williams %R. It consists of the difference between the high price of a predetermined number of days and the current closing price; that difference in turn is divided by the total range. This oscillator is plotted on a reversed 0 to 100 scale. Therefore, the bullish reversal signals occur at under 80 percent and the bearish signals appear at above 20 percent.
Leading Indicators Index. An economic indicator designed to offer a six- to nine-month future outlook of economic performance. It consists of the following economic indicators: average work-week of production workers in manufacturing; average weekly claims for state unemployment; new orders for consumer goods and materials (adjusted for inflation); vendor performance (companies receiving slower deliveries from suppliers); contracts and orders for plant and equipment (adjusted for inflation); new building permits issued; change in manufacturers' unfilled orders for durable goods; change in sensitive materials prices; index of stock prices; money supply, adjusted for inflation; and the index of consumer expectations.
Line chart. The line connecting single prices for each of the time periods selected.
Linearly weighted moving average. A moving average that assigns more weight to the more recent closings.
Long legged shadows' doji. A reversal candlestick formation that consists of a bar in which the opening and closing prices are equal.
Long straddle. A compound option that consists of a long call and a long put on the same currency, at the same strike price, and with the same expiration dates. The maximum loss for the buyer is the sum of the premiums. The upside break-even point is the sum of the strike price and the premium on the straddle. The downside break-even point is the difference between the strike price and the premium on the straddle. The profit is unlimited.
Long strangle. A compound option that consists of a long call and a long put on the same currency, at different strike prices, but with the same expiration dates. The profit is unlimited.
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