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fract
Apr 8, 2022 12:39 AM

Uber Inc Fractal Map 

Uber Technologies, Inc.NYSE

Description

This is why I use log. The percentage change will be always the same for the same length of trend. Easier to hunt down the real turning points.

Comments
gb50k
thats true for the change in percentage, but not for the change in slope (of a trend).
Is that correct?
fract
@gb50k, I was just pointing out the fact that mass emotions are driven by percentages rather than change price points. Log scale enables to grasp and work with percentages way easier than with linear.
In linear scale same distance of price change will differ. Which was actually the point of the screenshot in description.
Ever since then I’d always use log scale.
I have many examples of covering trends using logarithmic scale.
gb50k
@fract, Useful. Ty !!
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