I’m not sure but what I will say is that if the majority of traders are watching & acting on a TL that is drawn on a chart using log scaling, then yes, you would be more likely to get what appear to be whipsaw signals using a chart with linear scaling.

I’m a big proponent of using log scaling on all but the shortest intraday time frames. Essentially, the larger the range of prices on the chart you are viewing, the more pronounced the different will be when using log vs. linear scaling.

Using AMZN, for example, the stock went from 475 to almost 718 in just 3 months, which is the period covered by that the lower TL on the wedge I posted (off the Feb lows). That’s a big move & by using a log scaling, you get a more accurate technical picture of the stock as the price moves (candlesticks) at the Feb lows are exactly in proportion to the price swings (candlesticks) that are taking place now that the stock is trading over 50% above where it was just two months ago. Linear charts don’t adjust for such a large price swing & render an inaccurate technical picture of AMZN over the last two months. If you want to see a more drastic comparison, pull a 10-year+ chart of AMZN & compare it using both log & linear scaling, you will see two completely different looking charts with completely different trendlines.

If charts used are arithmetic like JF has, are you more likely to get whipsawed on a perceived TL break, initiating a short, only for price to then appear to move back into the wedge & likely trigger a stop.

I think IG uses arithmetic charts with no log option to select & am wondering if this is one reason why I’m being put into difficult positions when TLs seem to be violated.

Thanks

Correct…and FWIW, my TL would break at approx. 706..

It appears that the difference in our TLs is likely due to log scaling on my charts & linear/arithmetic scaling on yours, correct?