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TradingSolutions Function Library
| Logarithm (Base 10) [Log10] |
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The Logarithm (Base 10) function calculates the base-10 logarithm of a given value. In other words, the power that ten is raised to in order to get that value.
Parameters ------------------ Value The value to use in the calculation. This is typically a field in a data series or a calculated value.
Function Value ------------------------ This function calculates the base-10 logarithm of a given value. In other words, the power that ten is raised to in order to get that value.
Logarithms are useful with financial data because they can be used to keep data on the same relative scale. When a price changes by 10%, the log of the values will have the same difference. For example, the difference between Log(10) and Log(11) is the same as the difference between Log(100) and Log(110).
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