INVITE-ONLY SCRIPT

Darvas Box strategy [Whitebox]

已更新

Embark on a strategic trading journey with the implementation of the Darvas Box strategy, meticulously crafted in this script, inspired by Nicolas Darvas's groundbreaking approach detailed in his seminal book, "How I Made $2,000,000 in the Stock Market".

Nicolas Darvas, a dancer by profession and a trader by passion, devised a unique trading strategy during his global tours, which enabled him to turn $36,000 into $2 million within an 18-month timeframe in the late 1950s. His method, known as the Darvas Box strategy, involves tracking stock prices that are trading at new highs and utilizing a unique box structure that helps to identify the rising stocks and manage the trades effectively.

This script brings Darvas's innovative strategy to your trading charts, providing a comprehensive tool that not only identifies and draws the Darvas Boxes automatically but also enables you to backtest the strategy across various assets and timeframes. With capabilities like automated stop-loss adjustments, strategic pyramiding entries, and dynamic trade management, the script offers a robust framework for traders who seek to explore the potential of the Darvas Box strategy in modern markets.

Whether you're navigating through the realms of stocks, forex, or cryptocurrencies, this script allows you to visualize and validate the Darvas Box strategy, offering customizable settings to tailor the strategy according to your trading style and risk management preferences. From seamless box formations and enhanced trade visualization to in-depth analysis with every box, the script encapsulates the essence of Darvas's method while integrating the adaptability required for today's diverse and dynamic markets.

Embark on your trading journey with a strategy that has stood the test of time, and leverage the capabilities of this script to explore, analyze, and strategize your trades in alignment with the principles laid down by Nicolas Darvas.

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Version: 2023.02.27-r225

Added trade outcome labels
Added entry type selector (Stop / Market)
Added "box test required" entry criteria
Fixed issue with single bar trades

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Version: 2023.02.27-r226

Allow configuring the first entry's stop loss relative to the entry price

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Version: 2023.03.06-r331

Introduced the concept of Trade Groups (a Trade Group consists of multiple trades made in the same direction)
Reorganized inputs
Ability to set min/max stop loss %
Fix trade outcome labels
Improve Trading Widget

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Version: 2023.03.09-r352

Added Volume filter
Added date range filter
Fixed stop loss calculation

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Version: 2023.03.17-r391

Added tooltips
Added Trade outcome labels to display per-trade information
Added checkbox to allow plotting the avg. entry price

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Version: 2023.03.18-r416

Added "Darvas Box Formed" alert
Added custom order sizing settings to allow customising both the initial and additional entries
Added Darvas Box info label

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Version: 2023.03.29-r528

Added function selector
Added bounce-based entry
Allow ATR to be used for height filter

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Version: 2023.05.19-r596

Added support for alerts
Added Darvas Box width filter
Added "Close position early if price crosses MA" early exit condition
Added "Status bar"

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Version: 2023.08.18-r598

Update Strategy library to use position sizing issue detection mechanism

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Version: 2023.09.18-r627

Added 'Box top must be at an all-time high' checkbox
Improved the Entry Volume Filter (now it can compare more than one historic candle's volume against the MA)
Changed default value of 'Max. additional orders' to 9
Changed the base entry's min/max stop loss guard to always use the entry price for comparison
Added 'Round OHLC prices to the nearest tick' checkbox

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Version: 2023.10.04-r638