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PAC Charts MP charts in techinicolour.


I am not sure if any one has seen this chart. It is an interesting one as it track and compound estimated volume data at each price level and color-code this information directly in the chart.
When a lot of volume accumulates at a certain price point, the PAC chart will start showing areas of hotter colors (green, yellow, red). An area of high volume accumulation could mean the start of an intense period of buying or selling, and usually at least marks the establishment of a new resistance or support level.
These charts have been dubbed as MP in techni-colour.

[url]http://www.paccharts.com/showchart.php?askedsymbol=SP500&size=50&x=59&y=7[/url]
Mark
No - I had never seen any chart like that before. They look very interesting and add that 3rd dimension of volume in a novel way. Here is the chart: