Forex DeMark Projected Range EA Setup - Setting Up DeMark Projected Range Expert Advisor

Forex DeMark Projected Range EA Setup - Setting Up DeMark Projected Range EA - A trader can come up with an DeMark Projected Range EA based on the DeMark Projected Range indicator explained below.

Forex DeMark Projected Range EA rules can be combined with other Forex trading indicators to come up with other Expert Advisor Forex Robots that trade using rules based on two or more indicators combined to form a trading system.

DeMark Projected Range Technical Analysis Signals

Developed by Tom Demark.

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

DeMark Projected Range - Forex DeMark Projected Range EA Setup

Forex DeMark Projected Range Technical Analysis & How to Generate 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 Uptrend Trading Signal

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

Bearish downtrend Signal

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

Ranging Forex Market

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