How to Add DeMark Projected Range Technical Indicator on MetaTrader 4 Charts
Step 1: Open the Navigator Panel on Trading Platform Software
Open Navigator window as shown and illustrated below: Go to 'View' menu (click on it), then choose 'Navigator' window panel (click), or From Standard Tool-Bar click the 'Navigator' button or press key-board short cut keys 'Ctrl+N'
On Navigator panel, choose 'Indicators', (DoubleClick)
How to Add DeMark Projected Range Technical Indicator on MetaTrader 4 - MT4 DeMark Projected Range Indicator
Step 2: Expand the Indicators Menu on the Navigator - Adding DeMark Projected Range MT4 Indicator
Expand the menu by pressing the expand(+) button marker (+) or doubleclick the 'indicators' menu, after this the button will appear as (-) and will now display a list as shown below - select the DeMark Projected Range chart indicator from this list of indicators so that to add the DeMark Projected Range indicator to the chart.
How to Add DeMark Projected Range Technical Indicator - From the Above window you can then place DeMark Projected Range indicator that you want on the chart
How to Add Custom DeMark Projected Range Technical Indicator to MetaTrader 4
If the indicator you want to add is a custom indicator - for example if the DeMark Projected Range indicator you as a trader want to add is a custom indicator you will need to first add this custom DeMark Projected Range indicator on the MT4 platform & then compile custom DeMark Projected Range indicator so that the newly added DeMark Projected Range custom indicator pops up on the list of custom indicators on MT4 software.
To learn how to install DeMark Projected Range indicators on MT4, how to add DeMark Projected Range indicator window to MT4 and how to add DeMark Projected Range custom indicator in MT4 - How to add a custom DeMark Projected Range indicator in MetaTrader 4.
About DeMarks Projected Range Technical Indicator Explained
DeMark Projected Range Technical Analysis and DeMark Projected Range Signals
Developed by Tom Demark.
This indicator is used to signal the potential high & 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 & the close prices of the most recent price period.
DeMark Projected Range
FX Analysis and Generating Signals
This trading 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 Trading Signal
If the next price bar opens above the projected high then the market will continue in an upward trend.
Bearish down trend Signal
If the next price bar opens below the projected low then the market will continue in a downwards 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.
Learn More Courses and Topics:
- FX Aroon Oscillator Expert Advisor Setup
- True Strength Index (TSI) MetaTrader 5 Trading Analysis
- Example FRA 40 Stock Index Trading Strategy
- How to Add Stochastic Indicator in Chart
- Learn XAU/USD Course Tutorials for Beginners
- How Can I Write Strategy Rules for Gold Systems?
- How Can I Use Chande Q Stick Trading Indicator in Trading?
- What is XAUUSD Margin Account?
- MT4 Margin Calculator Gold
- Triple Exponential Average, TRIX MetaTrader 4 Technical Indicator Analysis
