The strategy traces its origins to 1956, when Nicolas Darvas turned a $10,000 investment into $2 million over an 18-month period using this theory
Short introduction: Darvas Box is based on momentum, the price will stay in the channel and when wil exit from the channel will be the trigger for shorts or longs
Rules are simple: Enter Long when the price exits the channel through the topline Exit Long when it enters in the channel Enter Short when the price exits the channel through the bottom line Exit Short when it enters in the channel
You need to set all values for your needs, according to what you trade Alerts are enabled
Hello @edward_Z ! This is a nice indicator, simple yet efficient. However, having the labels "Long" / "Short" and "Exit Long" / "Exit Short" always displayed make the charts a bit busy, especially on low timeframes in times of volatility, and when the market is in a tight range. Since the source code is not publicly available (which is a respectable and fully understandable choice), would this be possible for you to have the indi' slightly modified to have the display of the labels as an option? I mean, simple tags such as a green arrow pointing up for "Buy", a red arrow pointing down for "Sell", a yellow cross for "Exit Long" and a blue square for "Exit Short" for instance would be way enough and would permit to have cleaner charts, unless the user wishes absolutely to see the labels, which he could get back through the menu. Thanking you in advance for your kind consideration, I'll be looking forward to hearing soon from you on this tiny matter. Kind Regards, MF
saso24777
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Top Indicator. Many thanks
prajeshdeshmukh1
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Hey, Wanna create a screener for this indicator... Can u plz guide for the criteria used in thi screener
Hey man really appreciate for your hard work and i am using you indicator for intraday but having one problem as your indicator is have big name Eros Darvas by Zekis top line Box by showing on left of charts its really hard to see candles .I would like to suggest you to make it short Eros DB TL/BL so it will be easy to see candles
Thanks
MattCAlgo
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@denishbpatel, You hit the arrow and his name will fold up with no wasted screen space.
Thanks for publishing!
Is it possible to take a look at the script? :). Want to use this on another platform as well.
Cheers
cajowet
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Does this calculate the box tops and bottoms using a Simple Moving Average for the period? Or set it based on highs and lows in absolute numbers for the period (original Darvas)? Cheers
edward_Z
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@cajowet, is calculated with a MA, i think is the same thing, when the price is leaving the box, the signal is activated, i used MA because is easier ("If the price breaks out of the Darvas box, the investor takes this as a sign of a breakout. This is how the Darvas box helps traders determine at what price to enter and exit the market. From Investopedia") and this script respect this theory. I hope it answered your question
I found now some changes that can be done to be more reliable