DeMark Projected Range Analysis & DeMark Projected Range Trade Signals
Created by Tom Demark.
This indicator is designed to signal the potential peak and trough prices that the chart price might approach.
This is known as the range projection, and it is found by using the opening and closing gold trading prices from the most recent trading price period.

DeMarks Projected Range
XAU/USD Analysis & Generating Signals
This indicator will point out two levels: what it predicts as the highest and lowest prices for a certain time period, which will be your guide.
Bullish Up trend Signal
If a price bar opens above the projected high, it predicts an upward continuation of the market's trend direction.
Bearish downtrend Signal
If the next trading price bar opens below the projected low then the market will continue in a downward trend.
Ranging Trade Market
If the opening price of the next trading bar falls within the projected range, it signals that the market is likely to remain range-bound.
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