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.


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.