NVDA : Channel uptrend - Logarithmic or Not ?
Hi everyone
For long term chart period, a Weekly in this example, it is interesting to activate the Logarithmic price scale, the letter "L" at the bottom of the price scale.
On the right side chart, as the Logarithmic scale is activated (L highlighted), I have seen and traced a Channel.
Wowww!!! This a very interesting uptrending channel.
On the left side chart, "L" is not activated and the same chart doesn't show the channel as seen on the right side chart. So now, it is unusable.
But more, if I trace a yellow line at the same points as seen on the right side chat, surprise, it is not a Channel anymore, but it is a triangle...
Humm... :-)
Have fun.
For long term chart period, a Weekly in this example, it is interesting to activate the Logarithmic price scale, the letter "L" at the bottom of the price scale.
On the right side chart, as the Logarithmic scale is activated (L highlighted), I have seen and traced a Channel.
Wowww!!! This a very interesting uptrending channel.
On the left side chart, "L" is not activated and the same chart doesn't show the channel as seen on the right side chart. So now, it is unusable.
But more, if I trace a yellow line at the same points as seen on the right side chat, surprise, it is not a Channel anymore, but it is a triangle...
Humm... :-)
Have fun.
Wyn-Trader
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