Sometimes "terminology" gets in the way of understanding an idea.
The basic concept here is, "Tell me when...
"Bit-X just went ON" -OR- "Bit-X just went OFF"
We are looking for the "transition" from OFF-to-ON -OR- ON-to-OFF.
On any given scan, the bit is either ON or OFF. Now, compare that state to the previous state. If the current and previous states are the same, then there has not been a transition and therefore, no need to indicate that a transition has occurred.
If, on the other hand, the current state is different from the previous state, then a transition has occurred and, therefore, (if you are watching for such things) there is a need to indicate that the transition has occurred.
At that point, it would be nice to know if the transition was from OFF-to-ON or ON-to-OFF.
If there was a transition and the current state is ON, then the transition was from OFF-to-ON.
If there was a transition and the current state is OFF, then the transition was from ON-to-OFF.
On the next scan, the PLC again compares the current state to the previous. If the current state is the same as the previous, then there has been no transition since the last scan and so the "transition-flag-bit" turns OFF. Thus, the particular bit is ON for only 1 scan.
Having this capability allows you to respond when an event happens to a particular bit rather then the state of that particular bit.
Some PLC's use...
--|/\|-- to look for OFF-to-ON
--|\/|-- to look for ON-to-OFF