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Darvasbox

MB Darvas Box 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 edited from the settings section. -Box fill color can be changed. -Show/unhide history boxes is available in settings. -Box calculation can be changed in time intervals. -You must change the Box Limit entry to see fewer boxes. It will be more meaningful if used together with the volume indicator. It is not recommended for use in real transactions. Does not include investment advice. Algorithms are useful tools for making predictions.
Pine Script™ indicator
by MaviiBeyazz
5
Darvas Box Theory - Tracking UptrendsThe 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 "have a defined upward or downward trend which, once established, tended to continue. Within this trend stocks moved in a series of frames, or what I began to call boxes." Darvas Box Theory ■ A box defines a high and low range that contains a stock's movement over a period of time. ■ Darvas preferred "lively" stocks that moved up and down within a box. In his research, Darvas noted stocks with these characteristics often had significant moves up. ■ Boxes stacked one after another often indicate a strong upward trend. ■ A potential buy signal is a stock moving past the high of the topmost box with a significant increase in volume. ■ Within the range of a box, Darvas considered movement to the bottom of the range a healthy sign. These moves down shakeout weak holders who sell thinking the downward trend may continue. Defining a Box: ■ After price makes a new high, there must be three consecutive bars that don't exceed the high. ■ Once the top of the box is set, the same process is used, in reverse, to determine the bottom. ■ Once the high and low are established, a box is drawn over the range of bars. ■ With this indicator, there are two options to determine when a box is complete, that is, when a box is fully enclosed and a new box can be started. The default is when there is a close above or below the high or low of the box. Using the close may provide a better perspective of the overall trend by limiting noise of price movements within a bar. The second option to complete a box is when a bar's high or low goes above or below the boundaries of the box. The preferred option is configurable within the indicator Settings. Lookback Range ■ The lookback range is used to determine if the current bar has reached a new high, which could indicate the start of a new box. ■ The value specified for the lookback determines how many bars back to compare against the current bar high. ■ You can set the lookback value for intraday, daily and weekly charts. ■ It's recommended to experiment with lookback values across various timeframes to find settings that fit with your trading style. Suggestions from Darvas: ■ The box theory works best during a strong uptrend, where boxes stack one after another. ■ When breaking through the top of the box, ideally there will be a significant increase in volume. This may be an opportunity to buy or add to a position. ■ Try and hold stocks that are consistently moving up by raising a stop-loss along with the rise. ■ Take losses quickly. Indicator Features: ■ Box completion can be based on a close above/below the box boundaries or a move above/below the box boundaries. ■ Configure the lookback range for intraday, daily and weekly charts. ■ Configure box borders and background colors. ■ When the last bar is within a box, show an optional breakout price indicating a move above the top of box.
Pine Script™ indicator
by JohnMuchow
83
Darvas Box/Turtle Way Breakouts v.2 by ZekisFor 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 and resistance line, which will create a channel/box. There is the possibility to : - change channel/box size - ride it till it will enter again into the channel/box - set TPs and SL targets - set alerts for Long, Short, Close when price enter into the channel, SL - enable or disable 2 TP targets - enable or disable 1 SL - enable or disable middle line Rules are simple: 1. Go Long when price breaks the upper line 2. Go Short when price breaks the lower line 3. Exit Long/Short when price enter into the channel/box 4. Stop Loss are added for safety 5. Added 2 layers for Take Profits 6. Added middle line that can act as Stop Loss Legend: 1. White line - channel/box 2. Upper white line followed by green line - price cracked the channel/box - Go Long 3. Lower white line followed by red line - price cracked the channel/box - Go Short 4. Red zone - Stop Loss zone 5. Dotted red line - Stop Loss line 6. Dark green zone - first Take Profit zone 7. First dotted dark green line - first Take Profit target 8. First dotted dark green line followed by dotted lime line - price touched first Take Profit 9. Bright green zone - second Take Profit zone 10. Second dotted dark green line - second Take Profit target 11. Second dotted dark green line followed by dotted lime line - price touched second Take Profit 12. Dotted gray line - channel/box middle line *** Don't use any indicator without knowing whatyou are doing, there is no such a magic lottery winning ticket Trade safe! Enjoy! @Zekis
Pine Script™ indicator
by edward_Z
16
DARVAS BOX MTFMULTIPLE 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 book, “How I Made $2,000,000 in the Stock Market,” outlines his rather simple approach … simple once you understand the basic concepts and rationale of the strategy. Darvas Box is an indicator that simply draws lines along highs and lows, and then adjusts them as new highs and lows form. The indicator is available on many trading platforms, such as Thinkorswim. Traders may wish to draw their own boxes though, based on recent highs and lows; Darvas was able to do so (based on telegram quotes) more than half a century ago. Darvas Box Rules I shall not follow advisory services. I shall be cautious of broker advice. I shall ignore Wall Street sayings or truisms, no matter how ancient or revered. I shall only trade stocks on major exchanges with adequate volume . I shall not listen to (or trade off of) rumors or tips, no matter how well researched they may sound. I will use a sound strategy instead of gamble…I must study this strategy (originally this approach was fundamental analysis , which didn’t work for him, so he developed his Darvas Box trading method). I will hold one position for longer, as opposed to juggling a bunch of positions for a short period of time. Darvas looked for increasing volume when selecting stocks to trade; this alerted him to stocks that were being accumulated and were likely to see strong trends. Darvas believed in buying stocks that presented an upper box limit breakout, but also had an upward Earnings trend. This was especially the case when the major indexes had experienced a decline. When an upper box limit is broken, buy. From his book, the entry price was usually about 1 to 2% above the upper box limit. If you enter a trade and the price proceeds to drop out of the new box, and back into the old box, exit the trade. Entry and stop loss orders should be set in advance, so trades aren’t missed and risk is controlled. Place, and trail the stop loss order to below the low of the most recent box. This initial stop loss was pretty tight, because Darvas assumed when a price broke out of an old box, it was entering a new box. Therefore, the stop was placed just below the high of old box which was just broken (low of new box). Record trades, including reasons why you entered and exited. General conditions of the market must favor buying. Don’t buy stocks when the major indexes are in a bear market, or when volume is flat or declining. If you are stopped out, but the price moves back into the higher box again providing another buy signal, buy again, using the same stop loss location. Since the stop is being trailed up, more funds can be added on each consecutive breakout. The Bottom Line Nicholas Darvas was a dancer, but committed a great deal of time to developing and then mastering his stock trading method. It’s a trend following method based on breakouts to higher boxes. Risk is controlled by placing a stop below new higher boxes as they form. During choppy conditions the strategy won’t be profitable. This is why Darvas also attempted to only trade stocks with increasing volume and rising Earnings . Trading his method requires a lot of discipline, but can produce big profits when strong trends develop. source: traderhq.com Creator: Nicholas DARVAS Here's the link to a complete list of all my indicators: tr.tradingview.com Şimdiye kadar paylaştığım indikatörlerin tam listesi için: tr.tradingview.com
Pine Script™ indicator
by KivancOzbilgic
4
Eros Darvas Box Momentum by ZekisThe 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 www.investopedia.com 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 Enjoy! @ Zekis
Pine Script™ indicator
by edward_Z
14