DeMark Projected Range Commodities Analysis & DeMark Projected Range Trading Signals

Created by Tom Demark.

This indicator is used to signal the potential high and low commodities trading prices that a commodity chart price is likely to reach.

This is referred to as the range projection and it is calculated using the open and the close commodities trading prices of the most recent commodities trading price period.

DeMark Projected Range

Commodity Technical Analysis & How to Generate Trading Signals

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

Bullish Up commodities trading trend Signal

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

Bearish down trend Signal

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

Ranging Trade Market

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