DeMarks Projected Range Technical Analysis & DeMarks Projected Range Signals
Developed by Tom Demark.
This indicator is used to signal the potential high and low prices that a chart price is likely to reach.
This is referred to as the range projection & it is calculated using the open and the close prices of the recent most price period.
DeMark Projected Range
Technical Analysis & How to Generate Signals
This technical indicator will show two points, the projected high & the projected low of a specific price period. This will be used as the reference point.
Bullish Up trend Signal
If the next price bar opens above the projected high then the market will continue in an upwards trend.
Bearish down trend Signal
If the next price bar opens below the projected low then the market will continue in a downward trend.
Ranging Market
If the next price bar opens within the projected range, then this is a signal that the market will remain in a range base.
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