Resize Currency Log For Free

A logarithmic scale is a method for graphing and analyzing a large range of values in a compact form. Unlike commonly used linear functions that show an increase or decrease along equivalent or equally spaced out increments, log scales are exponential, which means increasing quickly by large numbers.

Logarithmic price scales are better than linear price scales at showing less severe price increases or decreases. They can help you visualize how far the price must move to reach a buy or sell target. However, if prices are close together, logarithmic price scales may render congested and hard to read.

Even minor changes in currency values can have significant impacts on trading outcomes. By using the logarithmic scale, traders can better visualize and analyze these market movements, enabling them to identify patterns, trends, and potential opportunities more effectively..

Linear scales use intervals that are equidistant from each while logarithmic scales go by a multiplier of increasing exponents ( a numerical base raised to increasing exponents to the right ). On a linear scale, the intervals are equidistant and the amount added to each division is equal.

The Logarithmic Trend Channel indicator is a modified version of the built-in "linear regression" script from Tradingview. The code plots the linear regression on a logarithmic chart, providing a more accurate representation of the trend when price movements are substantial.

What Is a Logarithmic Price Scale? A logarithmic price scale, also referred to as a "log scale", is a type of scale used on a chart that is plotted such that two equivalent price changes are represented by the same vertical distance on the scale.