DeMark Projected Range Trading Analysis & DeMark Projected Range Trading Signals

Created by Tom Demark.

This indicator is used to signal the potential high and low trading 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 xauusd trading prices of the most recent trading price period.

DeMark Projected Range

XAUUSD Trading Analysis & Generating Trading Signals

This 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 Up trend Signal

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

Bearish down trend Signal

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

Ranging Trade Market

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