DeMark Projected Range Trading Analysis & DeMark Projected Range Trading Signals
Developed 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.
DeMarks Projected Range
XAUUSD Analysis & Generating Signals
This indicator will show two points, the projected high & 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 market will continue in an upwards trend.
Bearish down-trend Signal
If the next trading price bar opens below the projected low then the 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 market will remain in a range base.
Study More Tutorials & Courses:
- Best Trade Training Tutorial Lessons & Trading Training Courses
- How Can I Trade Gann Trend Oscillator Sell Trade Signal?
- Introduction to MetaTrader 5 Platform Interface Tutorial Course
- How to Draw Fibonacci Extension Technical Indicator Tool in Upwards Gold Trend
- XAUUSD Set Stop Loss XAUUSD Orders in MT4 XAUUSD Charts
- How Can I Trade a New Gold Order on Gold MetaTrader 4 iPhone Trade App?
- How to Analyze a New Gold Order on MT5 iPhone Trade App
- Gann HiLo Activator Gold Indicator Technical Analysis
- XAU USD Open a Gold Order on MT5 Mobile XAUUSD App
- How Can I Use MetaTrader 4 XAUUSD Platform Software on My Android Phone?
