When you place any TimeBar indicator on a chart, it must be for a time frame that is a multiple of the base chart frequency. For example, a one minute chart can generate bar sizes of any number of minutes. A two minute chart can generate 2, 4, 6, 8, 10, etc. higher time frame bar sizes.
We can illustrate the TimeBar indicators using 10 minute bars created on a base chart of 2 minute bars. The generated bars will start on the same time boundary as standard bars. But where standard multiple time frame bars remain unchanged until the next 10 minute boundary, the TimeBar indicators update at the base chart frequency.
On a 2 minute chart, the generated High minute bars will appear every 2 minutes. The bar generated at 2 minutes past the hour will be identical to a 2 minute bar on the base chart. The bar generated at 4 minutes past the hour will be the net high of the preceding 2 bars.
On the Example 1 chart we have added a TimeBar High indicator. The high bar displays the "highest" high value from the 10 minute bar since the 10 minute bar began to form. The TimeBar High will continue to build until 10 minutes past the hour at which point it will be identical to the high of a standard 10 minute bar. At 10 minutes past the hour both indicators will reset and the operation repeats.
When you look at the example chart, the TimeBar high values from the 10 minute bars are almost always correctly defined before the end of the bar time. Therefore any Trading Strategy, Prediction, or indicator which references the high of a higher time frame bar may fire before a standard bar would be able to issue a signal.
TimeBars Volume
Similarly, the bar volume builds at the chart frequency. Any Trading Strategy, Prediction, or indicator which depends on a volume level from a higher time frame will fire when that has been achieved. Often this is before half of the bar has been built. Of course, if the volume requirement is not going to be met for this bar, it will not fire falsely.
