DeMark Projected Range MT4 Stock Indexes Indicator and DeMark Projected Range Indices Trading Signals
Developed by Tom Demark.
This MT4 Indices Indicator is used to signal the potential high and low indices prices that a stock indices chart stock indexes price is likely to reach.
This is referred to as the range projection and it is calculated using the open and the close indices prices of the most recent stock indexes price period.
DeMark Projected Range
MT4 Indices Technical Indicator and Generating Indices Trading Signals
This MT4 Indices Indicator will show two points, the projected high and the projected low of a specific stock indexes price period. This will be used as the reference point.
Bullish Up indices trend Signal
If the next stock indexes price bar opens above the projected high then the stock indexes trading market will continue in an upwards Indices trend.
Bearish down indices trend Signal
If the next stock indexes price bar opens below the projected low then the stock indexes trading market will continue in a downwards Indices trend.
Ranging Indices Trading Market
If the next stock indexes price bar opens within the projected range, then this is a signal that the stock indexes trading market will remain in a range base.