Forex Wiki Trading > FX Ind > Forecasting of Price Ranges

Forecasting of Price Ranges

  • July 23, 2013
  • Posted by: Forex Wiki Team
  • Category: FX Ind
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Forecasting of Price Ranges [ ru | cn ]
Author: Satop && WWer (2008.10.08 08:28)
Rating: 6
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Forecasting of Price Ranges 1
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Description:

The idea was taken from the book "The New Science of Technical Analysis" by Thomas R. Demark. Demark advises to use own calculation for forecasting the daily range of the prices. As far as the data of one daily bar is used for the calculation, this caculation can be applied to the bars on the other periods of the chart just as well.

The indicator draws a colored region before each bar, it is the presumed price range of the next bar.

Picture:

Forecasting of Price Ranges 2

Forecasting of Price Ranges

Thanks to WWer for the help.

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Author: Forex Wiki Team
We are a team of highly experienced Forex Traders [2000-2023] who are dedicated to living life on our own terms. Our primary objective is to attain financial independence and freedom, and we have pursued self-education and gained extensive experience in the Forex market as our means to achieve a self-sustainable lifestyle.
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