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...
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 book, “How I Made $2,000,000 in the Stock Market,” outlines his rather simple approach … simple once you understand the...