DeMark Projected Range Analysis and DeMark Projected Range Trading Signals

Developed by Tom Demark.

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

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

DeMark Projected Range

Oil Analysis and How to Generate 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 crude trading price bar opens above the projected high then the market will continue in an upwards trend.

Bearish down trend Signal

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

Ranging Trading Market

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