Trade Forex Trading

Technical Review of DeMarks Projected Range Indicator and Related Trading Signals

Developed by Tom Demark.

This indicator serves to indicate the potential high and low prices that a chart price is expected to reach.

This is called the range projection, and we find it using the starting and ending prices from the most recent time period.

Technical Analysis of DeMark's Projected Range Indicator - Insights into the DeMark Projected Range Indicator

Projected Range by DeMark

Technical Analysis and How to Generate Trading Signals

This indicator will display two values, the anticipated high and the anticipated low for a specific price period. These values will serve as reference points.

Bullish Up trend Signal

If the next candle opens over the projected high, trends keep rising.

Bearish downward trend Signal

If the subsequent price bar opens beneath the expected low, then the market will persist in a downward trend.

Ranging Market

If the next candle opens in the expected range, it signals a range-bound market ahead.

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