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Fibonacci Based on Log Scale


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  #1 (permalink)
Canon
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Does anyone know if there is a way to get Fibonacci retrace or Fibonacci extensions tools based on log scale instead of price? Even when you turn the chart to Log-scale, the measurements are still based on arithmetic.


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  #2 (permalink)
 RebusFA 
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I am searching for the same thing. I am attempting to set the log scale to base 0.618 or another Fib ratio. I have tried this in TOS and Ninjatrader without any success.


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 srgtroy 
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RebusFA View Post
I am searching for the same thing. I am attempting to set the log scale to base 0.618 or another Fib ratio. I have tried this in TOS and Ninjatrader without any success.

Can you give a sample equation for a level?


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  #4 (permalink)
CoinSurfer
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Canon View Post
Does anyone know if there is a way to get Fibonacci retrace or Fibonacci extensions tools based on log scale instead of price? Even when you turn the chart to Log-scale, the measurements are still based on arithmetic.

Hey.. You can do so on TradingView. Settings -> Fib levels based on log scale

Can you tell me why to use log scale instead of normal arithmetic calculations.


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