 |
 |
 |
Developed by Tom Demark, the TD Projected Range indicator attempts to identify benchmark expectations for the next bar's potential high and low prices. The range projection is based on the relationship of the open to close prices of the most recent period.
Interpretation
If the next bar opens withins the projected range, you may anticipate that prices should remain within that range. If the next bar opens above the projected high you may anticipate that the market will continue in an uptrend; if the bar opens below the projected low you may anticipate that the market will continue in a downtrend.
The materials presented on this website are solely for informational purposes and are not intended as investment or trading advice. Suggested reading materials are created by outside parties and do not necessarily reflect the opinions or representations of Capital Market Services LLC. Please refer to our risk disclosure page for more information.
© 2011 Capital Market Services, LLC. All rights reserved.