DeMarks 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 & it is calculated using the open and the close prices of the recent most price period.
DeMarks Projected Range
Technical Analysis & How to Generate Signals
This 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 Uptrend Signal
If the next price bar opens above the projected high then the market will continue in an upwards trend.
Bearish downtrend Forex Signal
If the next price bar opens below the projected low then the market will continue in a downwards trend.
Ranging Forex 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.
More Topics: