Hi,

I have just developed an early version of a Darvas Box indicator.

This indicator is my first one... so, critics and comments are welcome

Thank you all
ign...

Attachement: This is the version 0.3 with a big bug fix. Download this one if you are using the previous version.

Attached Files

DarvasBoxes.mq4 (9.1 KB, 373 views)

Please tell more in detail that it shows.
What it this zones?

Hi,

well i'm not so good with the english... maybe you should read some articles to know more about Nicolas Darvas and his metod.

I have developed this based on this article http://www.gerryco.com/tech/darvas.html

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.

Good luck
ign...

pd: sorry if I write like "Tarzan"

ill look into it, looks interesting

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.

Attached Images

darvas1.gif (19.0 KB, 1168 views)

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.

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...

You got further than me. I do not know what happened to my indicator, but here is the start of my expert

//+------------------------------------------------------------------+
//| Darvas Boxes Advisor.mq4 |
//| Copyright © 2004, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2004, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
#include <stdlib.mqh>


//+------------------------------------------------------------------+
//| expert initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- TODO: Add your code here.

//----
return(0);
}
//+------------------------------------------------------------------+
//| expert deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: Add your code here.

//----
return(0);
}
//+------------------------------------------------------------------+
//| expert start function |
//+------------------------------------------------------------------+
int start()
{
//---- TODO: Add your code here.

bool buy_darvas = false;
int i;
int total;
int ticket;
int level_limit = 5;

double box_top = iCustom(NULL, 0, "Darvas Boxes", 0, 2);
double box_bottom = iCustom(NULL, 0, "Darvas Boxes", 1, 2);

int level = 0;
int idx = 4;
for (; idx < Bars-1 && level < level_limit; idx++)
{
double bottom = iCustom(NULL, 0, "Darvas Boxes", 1, idx);
if (bottom > box_bottom)
{
box_bottom = bottom;
level++;

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.

Attached Files

Darvas Boxes.mq4 (3.4 KB, 374 views)

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.

Thank you by your suggestions.
ign...