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I sort of asked this in another post as a secondary question, but i have a feeling it kind of went overlooked so i'm making it it's on thread because i would REALLY like to understand better.
I'm relatively new to focusing on futures. I've been trading options and primarily watching spy/qqq/equities since i started.
In think or swim, there is a button under settings that you can click that says "adjust for contract changes". I've been told by some to have it selected. I've been told by others to not have it selected.
There are times where it heavily changes where everything is at on the chart. It basically fills in the gap from the contract change but this makes it to where my levels are different. Soo... they're essentially 2 different charts. Which one do you use? Or which one are most people using?
I'm sorry if this is like a newb question, again i just haven't found a very clear awnser to it.
I personally set to have my charts adjusted. When looking left for context, the charts are just easier to read. It's a matter of personal preference and there are arguments for both sides.
Jack Schwager addresses this very question in depth in the below article:
thank you so much!!
