DeMark Projected Range MT4 Indicator and DeMark Projected Range Signals

Developed by Tom Demark.

This MT4 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 most recent price period.

DeMarks Projected Range

MetaTrader 4 Indicator & Generating Signals

This MT4 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 Signal

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

Bearish downtrend Signal

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

Oscillating 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.