RE: US Stocks - Intraday Watchlist and Discussion
(2014-03-11, 06:35 PM)acito616 Wrote: noticed you use a log scale chart on your weekly and a standard scale chart on you daily, any reason?
I use log scale on the weekly and monthly timescales as they span much larger time periods, which would end up causing massive distortion in the charts especially in charts that have moved down a lot. So I find the log scale best for those timescales, and plus it shows the percentages moves in the correct context.
I use the standard scale on the daily charts as it's what people are used to seeing and also so that I can draw regular trendlines if need be. Although I prefer to use the 50 day MA as a short term guide instead of a trendline. So I could probably use log scale on the daily too, but is just habit.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.