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

Just check in the indicator settings and initially it was give more false signal. So i apply pac signal to reduce false signal. Conditions is simple : if price is below PAC line it won't trigger signal.

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.

Just check in the indicator settings and initially it was give more false signal. So i apply pac signal to reduce false signal. Conditions is simple : if price is below PAC line it won't trigger signal.

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.