The financial markets are constantly evolving, and as such, traders and analysts need to stay ahead of the curve. One tool that has proven to be invaluable in financial analysis is the logarithmic scale. In this detailed guide, we will explore the logarithmic scale in financial analysis and its various applications in technical indicators. 1. The Logarithmic...
There are two main reasons to use logarithmic scales in charts and graphs. The first is to respond to skewness towards large values, cases in which one or a few points are much larger than the bulk of the data. The second is to show percent change or multiplicative factors.
Did you know when you have one or many indicators on your charts and whilst trying to zoom in or out the chart using the mouse the indicators take up half or even more of screen realestate especially in case of pivot lines indicator?? Well there is a solution to all this madness so that you can zoom in and out of price chart only and IGNORE all indicators on...
Hi traders! I did not plan to make this post but as Crypto markets are currently falling I will share some of my Crypto notes that have helped me to navigate in Cryptoverse. Side note: This is not the only way how to trade Crypto markets. Sharing just some information. Eventually every trader have it's own methods and beliefs. Being early is a great...
I've been looking for the correct equation for a straight line on Semi-logarithmic scale for some time. The base equation is as follows: log y = mx + log k m = slope of line = (log y1 - log y0) / (x1 - x0) k = y-intercept: value of y where line crosses the x = 0 axis While this equation is absolutely correct, the result of plotting it on logarithmic scale was a...