Definitions
In plain terms
Bars can group trades by fixed time, event count, volume, value, or information-driven thresholds.
Technical
A bar contract defines source events, eligibility, grouping boundary, timestamp convention, session reset, OHLC or other statistics, partial-tail behavior, and revision handling.
Scope
A bar is not necessarily time-based and is not raw market data.
Examples
- A governed dataset records bar explicitly and preserves the source context needed to interpret it.
Common misconceptions
- Bar does not have one universal meaning or policy without its declared source, scope, and data contract.
Concept relationships
Where this concept is used
Evidence and governance
- Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract
Supports: preferred label, short definition, technical definition
Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.
- Reviewed by
- fintech-builder-owner-approved
- Last reviewed
- 2026-07-26
- Next review
- 2027-07-26
- Record status
- published