Average Range Bars

Why I like Average Range Bars, and the Price Action Channel so much. Our entry is just after the rejection of the ‘inverse range low’ and two former Points of Control.

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According to Dean Malone who created the Synergy system of averaging bars (similar to Heiken Ashi but modified slightly for Forex markets) and the ‘PAC’ – the Price Action Channel (twin yellow average lines); the PAC was based on an institutional strategy of being short below the PAC and long above it.