Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Basically "this zones" tell us that the price is waiting to take a direction. If we see a High above the Box Top, we get a buy signal. And if we see a Low bellow the Box bottom we get a Sell signal.
This indicator basically must to run every day after the en of session but isn't developed yet... I'll try to doing in few days.
Ok, I checked it out, one platform has a built-in Darvas box indicator, they also highlight the stop loss area (bottom of the box), but that's just for visual aid.
One thing though originally this system was developed to trade stocks, not sure if it will be good with currencies, but maybe, interesting to see.
I put it on 4hour GBP/USD charts, what I notice, you get more potential buy/sell setups if you look to go long/short at the top/bottom of an already established box, maybe you can continue doing it, before rules signal a new box coming out?
I put in the chart with the attachment, have a look.
Another idea I got is to factor upper/lower border with fib ratios and maybe compact boxes on lower timeframes (1 hour,4hour) so you get more boxes.
Yeah, actually looking at the history now, could be a good idea to use in as a channel setup, and sell weakness, buy strength, you could use it with a trend reversal indicator and something more discretionary, like candlestick patterns to identify good setups.
Id say just trading breakout doesn't look promising on currencies.
Ok, I checked it out, one platform has a built-in Darvas box indicator, they also highlight the stop loss area (bottom of the box), but that's just for visual aid.
One thing though originally this system was developed to trade stocks, not sure if it will be good with currencies, but maybe, interesting to see.
I put it on 4hour GBP/USD charts, what I notice, you get more potential buy/sell setups if you look to go long/short at the top/bottom of an already established box, maybe you can continue doing it, before rules signal a new box coming out?
I put in the chart with the attachment, have a look.
Another idea I got is to factor upper/lower border with fib ratios and maybe compact boxes on lower timeframes (1 hour,4hour) so you get more boxes.
Hi,
Thank you for your attention and sugestions for this indicator.
It's true, was developed by N. Darvas for the Stock Market.. but technical analysis is similar as well (or not?).
This indicator needs a big testing... i am seeing queer things that i don't like it...
Right now i have modified the first version and i have just removed TF restriction to work in every TF.
I like very much your idea of use Fibo levels, i'll doing next week (i have a lot of work nowadays).
Another point: Following the papers that I read, the signals are dispacched after the 5th state is reached (in my indicator says Waiting Signal)... But maybe could be more interesting another signals...
Well...
Thank you by your comments,
ign...
Last edited by ignacio; 07-17-2006 at 04:20 PM.
Reason: remove attachement
I found the indicator, perhaps with both combined we can make a nice one.
This one will show up on all time frames
Putting both indicators on the chart, yours is very nice, I know I have a completed version of the expert somewhere, your version may make it trade correctly.
The Fib idea may also improve the indicator.
Last edited by Foreverold; 07-15-2006 at 02:05 AM.
I found the indicator, perhaps with both combined we can make a nice one.
This one will show up on all time frames
Putting both indicators on the chart, yours is very nice, I know I have a completed version of the expert somewhere, your version may make it trade correctly.
The Fib idea may also improve the indicator.
Hi
I've read your indicator... it's a little bit different from the algorithm that i have used.. Darvas algorithm needs at least 2 periods to confirm box top and box bottom and even when he enters in 5th state needs a confirmation.
I've attached also in my previous post a version that doesn't require big timeframes.
I'll submit a new version with fibo level, its a good idea i think. and also, ill add some arrows when a signal is dispached.
The idea behind the darvas boxes is find bands where the market is not defined and have no trend.