Stocks & Commodities V. 23:6 (46-50): Sidebar: Constructing a PAC chart by François Bertrand
CONSTRUCTING A PAC CHART
Here are the steps:
1. Create a “price grid” where each row in the grid represents a range of prices. Then identify the range of boxes in the grid that encompasses each day’s trading range (from low to high). This step is somewhat similar to how point & figure charts are constructed. . .