Name: i-DRProjections_v1
Rating: 4.04 (25 reviews)
Author: Sergey Golubev

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Published by:

Sergey Golubev

Views:

10917

Rating:

(25)

Published:

2013.02.01 06:25

Updated:

2016.11.22 07:32

i-drprojections_v1.mq5 (7.37 KB) view

Download as ZIP, How to download code from MetaEditor

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The indicator forecasts the current day's price range on the basis of the previous day data. All calculations are based on the book "New Science of Technical Analysis" by Thomas R. DeMark.

Recommendations:

As the indicator forecasts the current day's price range, it is more convenient to use it in the beginning of the trading day.
The indicator does not work on timeframes higher than H4.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/1503

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i-DRProjections_v1 - indicator for MetaTrader 5