[Tryst]

Thanks for the suggestion to change to 'Logarithm scale' on the chart.

Do you keep you charts at this setting, or just switch to it to see the price action more clearly at lower levels on shares that have dropped quite a lot?

I see that changing it to Logarithm Scale as put my trendlines out on the chart.

Yep, I've permanently switched to Logarithm scale now on my weekly and monthly chart as I find it much more useful than standard scaling on those timescales, but I still have standard scaling on the daily charts. It will affect your trend lines as your chart is now percentage based. But I barely find the need for trend lines anymore on the weekly as the 10 and 30 week MA do the same job without drawing loads of lines all over the place. So I only really use horizontal lines to mark pivot levels and top or bottoms of Stage 3 and 1 ranges, and the MAs for trend.

Thanks for the reply, isatrader.

Do MA's truly show a change in trend? If we take the CECO chart you posted yesterday, although it is on the Daily, the price action fluctuates over and under the MA, where as the slopped down trendline (resistance) truely shows a break change in trend when it is broken. In this case it gaps up above trendline resistance and leaves almost an island bottom. Its quite a bullish chart this one tbh.

   

Thanks for bringing Logarithm Scale to my attention as I wasn't aware of this feature, although I could see it in your charts by the price axis.