The 10 minute TimeBarsHLC3 indicator doesn't have to wait the entire 10 minutes to calculate the indicator.  For our neural net example, a virtual 10 minute version of the high/low/close average updates every 5 minutes.  You have the advantage of a longer term view of the data which is updated as often as the data in the base chart.  A study by developer Richey Enterprises discovered that the highest and lowest values of a 10 minute bar often occur before the end of the 10 minute bar.  You can trade these "early" highs and lows and send in your trades prior to traders waiting for the close of the 10 minute bar.

The TimeBars indicator computes all of the data streams described in the Display parameter (see below), but only the data stream selected in the Display parameter is graphed on the chart.  If you don't know which data stream you want to use in your Trading Strategy or Prediction, you can let the optimizer select the Display parameter.  For example, if the optimization chooses 2 as the Display parameter in a Trading Strategy rule, value of the (High+Low) / 2 will be used to compute the rule.  Available data streams include the following:

Adaptive Consolidated Bars indicators also combine the information from the most recent bars on a chart, but unlike the original Consolidated Bars, Adaptive Consolidated Bars treat rising bars and falling bars independently.  Adaptive Consolidated Bars may combine a different number of bars for rising prices as contrasted to the number of bars for falling prices. Since the function of a consolidated bar is to absorb noise and rising price jitter is often different from falling price jitter, the Adaptive Consolidated Bars permit an asymmetrical definition to accommodate this.

For more information on the InterChart Tools21 add-on, visit our web page NeuroShell.com.