PAC
Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
stock NYSE ADR

I see. so your looking at the low averages across a daily basis as a potential bounce zone? how is it considered neutral? sounds like it could be useful in a strong trend....
I'm more of a fan of volume.
I guess I was confused because in your image its mostly identifying potential top/mean reversion signals. how is the PAC being used in reference to those?

Price action channel, the PAC uses two lines to create a river or channel. ( calcalating last 15 days low average and close average)
​When the price is inside the river, it's in a neutral zone.
​When the price "skids" out of the river but stays on a specific side, it triggers your script's logic.

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What do you think of this ETF? I would use it to slightly diversify and exploit Trade Republic 1% cashback with a PAC