DeMark Projected Range Silver Technical Analysis & DeMark Projected Range Trading Signals

Developed by Tom Demark.

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

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

DeMark Projected Range

XAGUSD Trading Technical Analysis & How to Generate Trading Signals

This silver technical indicator will show two points, the projected high and the projected low of a specific xagusd price period. This will be used as the reference point.

Bullish Up silver trend Signal

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

Bearish down silver trend Signal

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

Ranging Silver Trading Market

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