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Indicators: i-DRProjections

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Automated-Trading
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Automated-Trading  

i-DRProjections:

The indicator predicts daily price ranges and draws them as filled rectangles.

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 24.09.2007.

Figure 1. Indicator i-DRProjections

Author: Nikolay Kositsin

Sergey Golubev
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Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read April 2014

newdigital, 2014.04.18 18:32

The New Science of Technical Analysis

by Thomas R. Demark




From the Foreword by John J. Murphy "DeMark's work as a consultant has been restricted to large institutions and many of the legendary traders in the world today. By sharing his creative ideas with us, as well as his passion for precision and improvement, Tom DeMark's emphasis on the 'new science' of technical analysis helps push the technical frontier another step forward. With the unprecedented attention now being paid to technical analysis, this new book couldn't have come at a better time."
-John J. Murphy, bestselling author of Technical Analysis of the Futures Markets and Intermarket Technical Analysis, and technical analyst for CNBC


"This book is filled with innovative, creative, and clever new ideas on technical analysis. Tom DeMark has done a wonderful job of turning subjective techniques into objective strategies and tactics."
- Courtney Smith President and CIO Pinnacle Capital Management, Inc.

"Those who know him and his work call him the consummate technician--a trading system developer without peer."
- Futures magazine

"DeMark is the ultimate indicator and systems guy. No one touches him. I know the Holy Grail of trading systems doesn't exist because if it did, Tom would have found it by now."
- James Bianco Director of Arbor Trading

"Tom DeMark is a genuine leader who has been behind-the-scenes until now. Publishing DeMark is a coup."
- Ralph Vince author of The Mathematics of Money Management


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