DeMark Range Projection
Elevate your market analysis with the DeMark Range Projection AFL code for Amibroker. This sophisticated indicator, combined with the accurate Amibroker data feed, aids traders in projecting potential price ranges. By integrating DeMark’s range projection methodology, this AFL code enhances your ability to anticipate price movements and make informed trading decisions based on projected price ranges.
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_SECTION_BEGIN("De Mark's Range Projection");
/*De Mark's Range Projection */
/* AFL code by Prakash Shenoi */
MaxGraph=3;
rph1=(H+C+2*L)/2-L;
rph2=(2*H+L+C)/2-L;
rph3=(H+L+2*C)/2-L;
rpl1=(H+C+2*L)/2-H;
rpl2=(2*H+L+C)/2-H;
rpl3=(H+L+2*C)/2-H;
rph=IIf((CO),rph2,IIf((C=O),rph3,0)));
rpl=IIf((CO),rpl2,IIf((C=O),rpl3,0)));
Graph0=rph;
Graph1=rpl;
Graph2=C;
Graph0Style=Graph1Style=16+8;
Graph2Style=128;
Graph2Color=3;
Title=Name() + ", Close " + WriteVal(( Graph2 ),1.2)+ " DeMark's Range Projection - Proj-H " + WriteVal(( Graph0),1.2) + ", Proj-L " + WriteVal(( Graph1 ),1.2);
_SECTION_END();