DeMark Projected Range MT4 Indicator and DeMark Projected Range Signals

Developed by Tom Demark.

This MetaTrader 4 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.

DeMark Projected Range

MT4 Indicator and Generating Signals

This MetaTrader 4 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 Uptrend Forex Signal

If the next price bar opens above the projected high then the market will continue in an upwards Forex trend.

Bearish downtrend Trading Signal

If the next price bar opens below the projected low then the market will continue in a downwards Forex 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.