The below Equiplain Chart (as opposed to a logarithmic chart) displays the graphic data via equal grid squares and equal proportions. Notice the gentle angle of PPS average incline (depicted by the solid blue line) with the accurately proportioned grid. Also notice that the steeply inclining "channel" morphed into the logarithmic chart below does not exist when the data isn't manipulated by unequal proportions and grids, as evidenced by the thin red lines on the Equiplain Chart.
GOIG EQUIPLAIN CHART
In the below logarithmic chart, the artificial compression of the grid squares on the higher end of the PPS range distorts the display of the underlying data. The Equiplain Chart shows the inclines and declines without distortion (i.e., the data in reality). The below logarithmic chart mangles the true or accurate data via its distored display, creating an artificial "rising" channel and an artificially steep PPS incline (i.e., an imaginary display of the real data). The logarithmic chart therefore displays an inaccurate or dishonest representation of the underlying data, making it look like the PPS is sharply rising inside a nice, tight, regular pattern - when that is just not the case, as shown by the thin red lines in the above Equiplain Chart.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.