Time based charts are the same for all standard times 60 minutes and lower. Higher time-frame charts are different because of different start times. All 5 minute charts have the same bars. If there's a difference it's because of poor data or a market that's not centralized such as forex. New candles start at the same time.
Why is it stupidity? The guy is simply asking for a way of signal normalization other than time. For example, for some applications (especially intraday trading), using volume bars makes a lot of sense.
Thank You Guys for all the responses... I appreciate it. I am thinking Point and Figure charts are the way to go. [An issue is in Sierra Charts I have heard the have to be reversal charts?] no time component....There P & F incorperate time whereas Reversal bars do not?
%% Sure is. I never did like point + figure charts; but the way i ignore time is/sometimes dont mark every month/or every day on my weekly charts.Actually the markets are very much time based,maybe in MAY/SEPT. So except for superstrong 1st quarter/last quarter in tech + sometimes weak SEPT, safe to ignore time sometimes/i do to............................................................
Tick charts are the answer, still, a daily tick chart versus the 5-min will have different ATR (telling your stops), moving average will look different. Taking time out of trading is not possible, no matter how you look at the price action. Just my two cents.