DeMark Projected Range Technical Analysis and DeMark Projected Range Signals

Developed by Tom Demark.

This MT5 indicator is used to signal the potential high and low prices that a chart forex 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 forex price period.

DeMark Projected Range

Forex Technical Analysis & Generating FX Signals

This MT5 indicator will show two points, the projected high and the projected low of a specific forex price period. This will be used as the reference point.

Bullish Upforex trend Signal

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

Bearish down forex trend Signal

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

Ranging Forex Market

If the next forex price bar opens within the projected range, then this is a signal that the market will remain in a range base.