DeMark Projected Range Strategy

The TD Range Projection, sometimes called TD Pivot Points , provides a range
of next session through a simple calculation that uses the open, high, low
and close of the previous session.
This indicator developed by Tom DeMark gives different weight to a minimum
or maximum depending on the trend of the previous session. Thus, if the previous
session was the greatest upside will have more weight in calculating the range,
on the contrary, if the previous session was bearish , the minimum will have greater weight.

- This script to change bars colors.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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