Glossary - L


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glossary_l [2019/06/24 19:38] (current)
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 +====== Glossary - L ======
 +[[:​glossary_a|A]] [[:​glossary_b|B]] [[:​glossary_c|C]] [[:​glossary_d|D]] [[:​glossary_e|E]] [[:​glossary_f|F]] [[:​glossary_g|G]] [[:​glossary_h|H]] [[:​glossary_i|I]] [[:​glossary_j|J]] [[:​glossary_k|K]] **L** [[:​glossary_m|M]] [[:​glossary_n|N]] [[:​glossary_o|O]] [[:​glossary_p|P]] [[:​glossary_q|Q]] [[:​glossary_r|R]] [[:​glossary_s|S]] [[:​glossary_t|T]] [[:​glossary_u|U]] [[:​glossary_v|V]] [[:​glossary_w|W]] [[:​glossary_x|X]] [[:​glossary_y|Y]] [[:​glossary_z|Z]]
 +==== Laggard ====
 +An industry or company that is underperforming the market.
 +==== Leader ====
 +An industry or company that is outperforming the market.
 +==== Limit Order ====
 +An order to buy or sell a security at a specific price. Unlike a market order, limit orders might not be filled immediately if the market moves away from the specified price.
 +==== Line Chart ====
 +Price charts that connect the closing prices of a given market over a span of time, forming a curving line on the chart. This type of chart is most useful with overlay or comparison charts that are commonly employed in [[:​glossary_i#​intermarket_analysis|intermarket analysis]]. It is also used for visual trend analysis of open-end mutual funds.
 +==== Linear Regression ====
 +The least-squares line-of-best-fit for a price series. Even though the formula is quite complicated,​ a linear regression is relatively easy to understand. Imagine a scatter plot (dots) for the closing prices of a security. A linear regression is a line that passes through these points with the best possible fit. See also ChartSchool article on the [[:​chart_analysis:​raff_regression_chan|Raff Regression Channel]].
 +==== Linear (Arithmetic) Scaling ====
 +See [[:​glossary_a:#​arithmetic_linear_scaling|Arithmetic (Linear) Scaling]].
 +==== Liquidity ====
 +The ease with which a stock may be bought or sold in volume on the marketplace without causing dramatic price fluctuations. A highly liquid stock is characterized by a large volume of trading and a large pool of interested buyers and sellers.
 +==== Livestock Commodities Index ($GVX) ====
 +The Livestock Commodities Index ($GVX) charted by is published by Goldman Sachs. Cattle and hogs are the livestock included. [[https://​​gallery?​$gvx|Chart $GVX in GalleryView.]]
 +==== Logarithmic (Percentage) Scaling ====
 +On a logarithmic scale chart, the vertical spacing between two points corresponds to the percentage change between those numbers. Thus, on a log scale chart, the vertical distance between 10 and 20 (a 100% increase) is the same as the vertical distance between 50 and 100. Because these charts show percentage relationships,​ logarithmic scaling is also called "​percentage"​ scaling. It is also called "​semi-log"​ scaling because only one of the axes (the vertical one) is scaled logarithmically. See our ChartSchool article on [[:​chart_analysis:​what_are_charts#​price_scaling|price scaling]].
 +==== Long-Legged Doji ====
 +This candlestick has long upper and lower shadows with the [[:​glossary_d#​doji|Doji]] in the middle of the day's trading range, clearly reflecting the indecision of traders.
 +==== Low Pole (LP) ====
 +A situation on a [[:​glossary_p#​point_figure_chart|Point and Figure Chart]] that occurs when a down column that falls 3 boxes or more reverses to an up column. The reversal retraces more than 50% of a down move that has an odd number of O's, or retraces more than 62.5% of a down move that has an even number of O's. Because it is not an actual P&F buy signal but offers a good probability of leading to one, this formation is considered a "buy alert."​