Very much so. Essentially, the larger the range in prices (from the highs to low) on the chart that you are viewing, the bigger the difference will be between log & linear scaling. The reason is that log scaling will automatically resize or display all the candles to reflect the same percentage moves.

e.g- If the stock has traded as low as $10 and as high as $100 on the chart, a $1 gain or loss when the stock was $10 represents a 10% move while that same $1 daily gain or loss when the stock is trading at $100 only represents a 1% move. Compare a 10+ year chart of a high-flying stock like AMZN using both log & linear scaling (adding some trendlines) and the difference between the two will be pretty clear.

Yes, that makes sense. Thank you. Is log better indicator of trends than linear for longer time frames?

@vaz – I missed this question of yours earlier. I use log scaling on all of my charts other than the very short intraday time frames (e.g.- 1 – 5 minute). If you are using linear (aka- arithmetic) scaling, then the trendlines will not align with mine. Let me know if that is the case & if not, I will look into the issue further.