Feature Chart Log For Free

The logarithmic function, y=logb(x) , can be shifted k units vertically and h units horizontally with the equation y=logb(x+h)+k . If k>0 , the graph would be shifted upwards. If k<0 , the graph would be shifted downwards. If h>0 , the graph would be shifted left.

Logarithmic scales are useful when the data you are displaying is much less or much more than the rest of the data or when the percentage differences between values are important. You can specify whether to use a logarithmic scale, if the values in the chart cover a very large range.

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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.

Linear charts become useful when you want to see the pure price changes with scaling calculations. Day traders often prefer linear charts. Logarithmic charts are useful when viewing long-term charts. Over the long-term, large price changes are made, which a linear chart can distort.

Linear graphs are scaled so that equal vertical distances represent the same absolute-dollar-value change. A drop from $10,000 to $9,000, for example, is represented in the same way as a drop from $100,000 to $99,000. The logarithmic scale reveals percentage changes.

Most technical analysts and traders use logarithmic price scales. Commonly recurring percent changes are represented by an equal spacing between the numbers in the scale. For example, the distance between $10 and $20 is equal to the distance between $20 and $40 because both scenarios represent a 100% increase in price.