# What does the Perps price chart mean?

### (I) Perps Price Chart

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A perps price chart is a **graphical representation of price movements and trading activity for a specific perpetual contract over time**.

The trading chart typically displays price data in a time series format, allowing traders to visualise how the price of the perpetual contract has changed over a specified period.&#x20;

**This chart includes several key features:**

**1. Candlestick Patterns:** These are the red and green bars on the chart, which shows the opening, closing, high, and low prices within specific time frames (e.g., 1 minute, 5 minutes, 1 hour, etc.). Traders can identify upward (bullish) or downward (bearish) trends based on price movements over time.

**2. Volume and Open Interest:** Indicators of how actively the perps are being traded and how many contracts are currently open.

**3. Timeframes:** The numbers showing time on top of a price chart typically represent the time intervals for the data displayed in the chart.\
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The numbers often correspond to specific time intervals, such as minutes, hours, days, or weeks. For example, a number like "1D" might indicate that each candlestick or bar on the chart represents one day of trading data.