This script is just for reference to see the trading range. Do not use this strategy logic, it is just Test strategy. The trading range is colored depending on whether it is profitable or not. You can change the color if you want. When you declare the strategy, put (process_orders_on_close=true,calc_on_every_tick=true, max_boxes_count=500) in your script. Then it...
Hi guys, Version Zero (more work needed) of an idea I've been meaning to out into a strategy for a while. 🤯 This uses percent boxes🤔 instead of traditional indicators like RSI, MACD etc. 🤫 Takes the first close price of the series and creates a Top Band 10% up, buys if price reaches that level, and puts a stop on a Bot Band, 10% down When the first trade is in...
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...
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...