How to Use the Baseline ChartThe chart we made today shows the price of gold as a Baseline chart. The Baseline chart shows price movements relative to a baseline that you choose anywhere from 0% (the lowest point) to 100% (the highest point).
This chart shows gold since the last 1970s with a Baseline of 50%.
Why is this interesting? The chart can show you if an asset is above or below a specific baseline over any period of time. For gold, we see it is well above its average price (50% baseline) and it's been trading above that average level for years (the line turns green when an asset is above the baseline level and red when it is below).
To start using the Baseline chart, follow these simple steps:
Step 1 - Change your chart layout to Baseline. Press the Chart Style button at the top of your chart and select Baseline in the drop down.
Step 2 - Go to your chart Settings by right clicking or double tapping on the chart line.
Step 3 - In your chart settings, find and adjust your Base Level to a percentage you want to see. This can be anywhere from 0% to 50%.
We hope you enjoyed this chart and how to use the Baseline chart to follow any asset. Please press Like if you enjoyed this tutorial or write a comment below.
