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(EFS) Darvas Box PRO

26. May 2011
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eSignal Study: The Darvas box method was designed by Nicolas Darvas and explained in his best selling book 'How I Made $2,000,000 In The Stock Market'. The Darvas method looks to identify strong trending markets that then consolidate before resuming their trend.

What Darvas observed was that up trending stocks typically advance for a while, then stall and consolidate, then advance again. This stalling and consolidation process he called forming a box. Once a box is firmly established, Darvas says a break out above the upper line of the box is a buy signal. A drop below the bottom of the box is a sign that the stock’s trend has changed and a sell signal. 

Like all our studies, this study is highly customizable, from the colors, line thickness, displaying prices, to audible alerts!

We found the ATR Trailing Stop indicator compliments the Darvas box trading method. More details on this indicator, please click here.

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).


  
 

Study, Pro, Sup/Res Levels