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I didn't know where else to post this question. This thread seems to have a lot of activity & thought maybe someone could answer this question. Has anyone ever heard of CONTRACT BARS as a way of displaying price data (vs. min / tick / range / volume, etc). Here's a screen shot I found 'out there' somewhere. Piqued my curiosity. Thanks!
After all, it's what you learn AFTER you know it all, that counts!
Pretty darn close which makes sense. I believe the only difference is the swing high/low points require an input of range/time or something (could be wrong on that) whereas the fractals require no input. They are purely based on a series of price bars forming a pattern which is better for me as all I'm concerned with is price action and not time. Good observation Jeff.
Sure it's not the same as volume. Volume on a futures chart is nothing more the no. of contracts, so a 1000 Volume bar would to mean it was 1000 contracts>
Thanks Peter. I have always been confused about volume bars. Does the bar represent the volume (# of TRADES or # of CONTRACTS ? ?) A TRADE could be for 1 contract or 500 contracts. That's why when I saw this 89 CONTRACT BAR chart it kind of caught my attention. It looked as though it was actually counting the number of contracts traded. Can you clarify? Is volume # of TRADES or # of CONTRACTS? Thanks.
After all, it's what you learn AFTER you know it all, that counts!
