Chart chart log easily

Aug 6th, 2022
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How to chart chart log

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hi everyone this is Vishal from wreckin Academy in a last video we had studied about the importance of trend line and how does it actually help us to spot major breakouts and breakdowns in the market today we will extend that last video and we will concentrate on the logarithmic charts and arithmetic charts and what is the connection between these charts in the trend line well we can see over here that this particular is the y axis of the chart which shows the price of the chart this is the nifty chart of the weekly time frame and this on the horizontal side is the x axis on the x axis we have the dates and on the y axis we have the price well what is an arithmetic chart and arithmetic chart is the the change in the price is a change in terms of unit like you can see it from distance from 500 to 1000 is almost equal to 1000 to 1500 now space between 2000 to 2500 is almost equivalent to 4,500 to 5,000 but if Ive changed this particular chart to a logarithmic chart what happens is thin

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There are two main reasons to use logarithmic scales in charts and graphs. The first is to respond to skewness towards large values; i.e., 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.
Select the Scale tab on the Format Axis window. Click the Logarithmic Scale check box near the bottom of the window. This changes the charts axis to a log scale.
A logarithmic chart uses a logarithmic scale, not a linear value. A linear scale is what most charts commonly use, where values are equally spaced out like a ruler. With logarithmic scales, while the end value could be the same as the linear value, the spaces between the values are different.
To create a log-log chart in Excel: Select the data that you want to plot. Click the Insert tab, and then click Scatter. Click Scatter with only Markers. Click OK. Right-click the x-axis, and then click Format Axis. Under Axis Type, click Logarithmic scale. Click OK. Right-click the y-axis, and then click Format Axis.
To create a log-log chart in Excel: Select the data that you want to plot. Click the Insert tab, and then click Scatter. Click Scatter with only Markers. Click OK. Right-click the x-axis, and then click Format Axis. Under Axis Type, click Logarithmic scale. Click OK. Right-click the y-axis, and then click Format Axis.
Logarithmic charts are used for a long term analysis of price changes on a stock or share price. They are commonly used by technical analysts and traders who want to see a percentage change, not a specific dollar value change. Traders want to be able to quickly see and assess patterns.
0:00 8:33 How to read a log scale. - YouTube YouTube Start of suggested clip End of suggested clip As you proceed increasingly along the log scale. So simply really to just see it this way look pointMoreAs you proceed increasingly along the log scale. So simply really to just see it this way look point 1 its 10 to the minus 1. 1 is 10 to the 0. 10 is 10 to the 1 and 100 is 10 to the 2.
Logarithmic price scalealso referred to as logrepresents price spacing on the vertical or y-axis dependent on the percentage of change in the underlying assets price. This is usually the default chart style.
Linear charts have a fixed distance between price levels, while log charts have fixed distances between percentage moves. Figure one shows a comparison between a linear and log chart, on the same stock over the same time period.
If Y = log(y) and X = log(x) then Y = nX. This shows the linear relationship. Plotting Y against X, i.e., log(y) against log(x), leads to a straight line as shown below. (a) a (b) b (c) c (d) d Note that the scales on the two axes are not the same.

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