PlotPAC PlotPAC([color])

This function plots a price activity chart (PAC). The PAC chart is created by using closing prices and volume to visually show price support and resistance levels. When a lot of volume accumulates at a certain price points, the PAC chart will show areas using hotter colors such as yellow and red (or in the case of a single color PAC chart, hotter areas will use a more intense color). PAC Charts were featured in the June 2005 issue of Technical analysis of stocks and commodities (www.traders.com).

This function can be used with other plot commands to created layered charts.

This function can also have an optional color (Red,Blue,Green and Gray) rather than the default heat map.

Examples:

  PlotPAC(Grey);
  #Overlay candlesticks
  PlotPrice('Candle');

Related functions:

PlotPrice , PlotColumn , PlotFixedLine , PlotSetScale , PlotLine , PlotText , PlotFixedLine , PlotCandlestick , PlotTellTale , PlotBand , PlotGrid , DrawLine , DrawText , DrawRectangle , DrawFilledRectangle , SetChartOption , Color , Dashes , Dots , Vline , SetBarBackground , SetBarColor , ChartInputSlider , ChartInputCombobox