Financial models by default use time bars of prices/returns for input data. I use time bars to refer to both intraday (high frequency) and interday (low frequency) data since the sampling occurs at fixed intervals of time for both intraday and interday time bars.
Instead of time bars, the alternatives are (1) tick bars, (2) volume bars and (3) dollar bars which sample prices/returns based on the occurrence of (1) a new transaction, (2) a fixed volume threshold, and (3) pre-defined monetary amount traded, respectively.
I have only seen these alternative types of bars applied to intraday data (seconds, minutes, hours). Can't the same premise of volume bars and dollar bars be applied to interday data (daily, weekly, monthly)?