Forex i DR Projections Indicator

Forex i DR Projections Indicator:

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

This indicator shows the current day support and resistance levels forecast on the bases of the previous day price levels. The formula for calculating the levels are described in Thomas Demark’sThe New Science of Technical Analysis.

Test results:

Forex i DR Projections Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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