Forex encyclopedia

Advance GDP is the first publication of GDP data from series of subsequent publication of GDP values “advance – provisional –final”. In the USA publication of advance value takes place in the first month of every quarter by the Department of Trade and Commerce, after 20-s, usually at 8.30 a.m of New York time (4.30 p.m Moscow time) The data is published for recent quarter (i.e., in January – for IV quarter of recent year, in April – for the I of current year etc.) and is expressed in annual value, that is to say, quarter value is raised to 4rd power. Upon that, traditional report is not published in dollars or other currency, but is expressed as percentage to the previous quarter.

DeMarker Indicator is the technical indicator matching current High with the previous Highs. For the first time the indicator was published in the book by Thomas DeMark called "The New Science of Technical Analysis". Originally Mr. DeMark wondered if it is possible to create such a technical instrument that would have no drawbacks that feature the most part of popular indicators. In his book the author introduces indicator as overbought/oversold index with zones showing attenuation of price.