The algorithm is related to darvas theory. Creates resistance and support levels by creating boxes on the chart layout. It creates flag icons in the form of Down (A) or Up (Y) according to these box breaks about the trend. Considering the Darvas strategy, it also provides convenience in trailing stop. -Alarm adding feature is available. -Box color change can be...
Darvas box by Nicholas Darvas, extended original script by KıvanÇ @fr3762 to use new PineScript v4 function box.new() You can create alerts with this script when price break to the upside or downside from Darvas box
The Darvas box theory is based on the work of Nicolas Darvas, author of the book "How I Made $2 Million in the Stock Market". This indicator uses his box theory to help visualize upward trends and find potential opportunities to buy or add to a position. Darvas was a growth stock trader. After extensive study of historical stock movements, Darvas noted stocks...
Simple Script for getting alerts on the crossing of Upper & Lower levels either way. Good for Free users as they can only use 1 alert at a time. So this indicator will be useful to get alerts on both Breakout Or Breakdowns. Just add input Price manually and set alerts.
For those who never heard about these two huge strategies: * * * Darvas Box Strategy - www.netpicks.com * * * Turtle Way Strategy - www.investopedia.com In very short terms, both strategies are based on breakouts, probably the easiest way to trade (with proper education, obviously) I created this indicator based on highs and lows, which will create support...
MULTIPLE TIME FRAME VERSION OF DARVAS BOX: You can view different time frame values of Darvas Box levels on any chart What Is the Darvas Box? The Darvas Box strategy was developed by Nicholas Darvas. Aside from being a well known dancer, he began trading stock in the 1950s. Based on his success in trading, he was approached to write a book on his strategy. The...
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 More about Darvas Box Theory...