Operate chart log easily

Aug 6th, 2022
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How to operate 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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0:00 5:42 How to plot Log graph in excel - YouTube YouTube Start of suggested clip End of suggested clip Hello friends today i want to show you how we can plot a logarithmic graph in excel. I have thisMoreHello friends today i want to show you how we can plot a logarithmic graph in excel. I have this data then from insert. From scatter shows i choose this one scatter with smooth lines and mark markers.
loglog( X , Y ) plots x- and y-coordinates using a base-10 logarithmic scale on the x-axis and the y-axis. To plot a set of coordinates connected by line segments, specify X and Y as vectors of the same length. To plot multiple sets of coordinates on the same set of axes, specify at least one of X or Y as a matrix.
A logarithmic scale, also known as a log 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 equivalentor equally spaced outincrements, log scales are exponentialincreasing quickly by large numbers.
The reason to use logarithmic scales is to resolve an issue with visualizations that skew towards large values in a dataset.
The Difference Between Linear and Logarithmic Charts On a linear chart, each unit change is treated exactly the same. The change from $1 to $2 looks the same from $10 to $11. On a logarithmic chart, each percentage change is treated the same.
For example, if a few points of data are much larger than most of the data, the use of a logarithmic scale will provide better data visualization and will make it easier to spot patterns and identify relationships.
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.
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.
Click the chart, and then click the Chart Design tab. Click Add Chart Element Gridlines. Choose the axis that you want to apply the gridlines to or click More Gridline Options to open the Format Major Gridlines pane.
Logarithmic price scales are particularly more accurate than linear scales when it comes to long-term price changes. Since the price distribution on a linear scale is equal, a move from $10 to $15, representing a 50% price increase, is the same as a price change from $20 to $25.

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