Normal vs Logarithmic view?
The interpretation of a stock chart can vary among different traders depending on the type of price scale used when viewing the data.
A logarithmic price scale uses the percentage of change to plot data points, so, the scale prices are not positioned equidistantly.
A linear price scale uses an equal value between price scales providing an equal distance between values. (Investopedia)
(I usually use Logarithmic Auto Adjusted charts in my analysis)
For further readings, you can read the article attached.
Reference article:
https://www.investopedia.com/ask/answers/05/logvslinear.asp
A logarithmic price scale uses the percentage of change to plot data points, so, the scale prices are not positioned equidistantly.
A linear price scale uses an equal value between price scales providing an equal distance between values. (Investopedia)
(I usually use Logarithmic Auto Adjusted charts in my analysis)
For further readings, you can read the article attached.
Reference article:
https://www.investopedia.com/ask/answers/05/logvslinear.asp
Note
It seems my chart setup works better!Note
Do you think it is better to be one step ahead of market or one behind it?
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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.
Use the following link to access trading ideas: patreon.com/SniperTraderStocks?utm_medium=unknown&utm_source=join_link&utm_campaign=creatorshare_creator&utm_content=copyLink
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.