Take a recent significant high or low price.
Then find a square root calculator and receive the square root.
Then square that number again.
Finally, go to settings - scale - and select "lock to scale" to insert the final number.
For this case, it came to 8.13, and so the chart has been locked in with that scale and set to the 4-hour.
Then find a square root calculator and receive the square root.
Then square that number again.
Finally, go to settings - scale - and select "lock to scale" to insert the final number.
For this case, it came to 8.13, and so the chart has been locked in with that scale and set to the 4-hour.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.