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Forecasting Daily Support and Resistance with DeMark Projections

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Summary

This indicator forecasts support and resistance levels for the current day using price levels from the previous day. It displays the projected daily range as filled rectangles, offering a visual way to compare current prices with those forecast levels. The method is attributed to Thomas DeMark’s The New Science of Technical Analysis.

The document describes the indicator’s purpose and origin, but provides no formula, parameter settings, chart details, or performance evaluation. It therefore offers a high-level description rather than enough information to reproduce or assess the projections. Traders would need the underlying calculation and market-specific testing before using the levels in a strategy.

Key ideas

  • The indicator projects current-day support and resistance from the prior day’s price levels.
  • It presents the forecast range as filled rectangles on a chart.
  • The calculation is attributed to a method described by Thomas DeMark.
  • The document does not provide enough detail to reproduce or evaluate the indicator.

Tags

Technical indicators

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