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10.4 Log Scale Charts

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Logarithmic price scale (better known as Log Scale), is useful for viewing the longer-term/bigger picture of an asset.
Day traders will prefer linear charts.
Over the longer term, price changes on a linear chart can be distorted.
Log charts focus on percentage changes and can provide an overview of exponential growth for an asset.
Both Log and Linear have their benefits.
For example, if a stock starts at $10 and hits $100 two years later, the linear chart will make the move up look parabolic because it started at $1, and Linear Charts focus on the difference in price on the axis.