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DeMark Daily Range Projections from the Previous Day’s Prices

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Summary

The i-DRProjections indicator forecasts a trading day’s price range using data from the preceding day. Its calculations are described as based on Thomas R. DeMark’s book New Science of Technical Analysis. The accompanying usage guidance says the projection is most convenient to consult near the start of the trading day, when it can inform expectations for that session’s range.

The document does not specify the formula, projection levels, inputs beyond prior-day data, or how to turn the forecast into entries, exits, or risk limits. It also states that the indicator does not work on timeframes above H4. No examples, backtests, or accuracy statistics are provided, so the material describes the indicator’s intended use and timeframe limitation without demonstrating predictive performance.

Key ideas

  • The indicator projects the current day’s price range from the previous day’s data.
  • Its calculations are attributed to Thomas DeMark’s technical-analysis work.
  • The guidance recommends consulting the projection early in the trading day.
  • The indicator is stated not to work on timeframes above H4.
  • No formula details or performance evidence are provided.

Tags

Technical indicatorsStatisticsRisk management

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.