Trade Forex Trading

DeMark Projected Range Technical Analysis & DeMark Projected Range Signals

Created 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 and it is calculated using the open and the close prices of the most recent price period.

Demarks Projected Range Indicator Technical Analysis - DeMark Projected Range Indicator

DeMark Projected Range

Technical Analysis & How to Generate Trade Signals

This indicator will show two points, the projected high and 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 downwards 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.