Trend-Based Fib Extension Error

[the2minutetrader]

A quick heads-up for those of you who may use the Trend-Based Fib Extension tool. It calculates correctly on the regular chart scale, but gives incorrect values on the semi-log scale. Don't get caught out!

EDIT: See below for the answer.

 

[mikrom]

I don't use log scale but from what I remember in TradingView there is a setting in the fibonacci options to base fib levels on log scale, and I'm pretty sure that should be used together with log scale to get accurate levels, maybe MotiveWave has that on by default, which is why you're seeing the adjusted levels?

 

[the2minutetrader]

Good point, that seems to be correct. MotiveWave does seem to have that on by default, and no way to turn it off. Thanks for your help!