Darvas Boxes MetaTrader 5

Category: market_structure, trend

An implementation of Nicolas Darvas's box technique, identifying price consolidation ranges and breakouts. It supports various modes including Classic, Modern, and Bi-directional logic.

Formula

\text{BoxTop} = \text{PivotHigh}(n), \text{BoxBottom} = \text{PivotLow}(m) \text{ where } n, m \text{ satisfy non-penetration criteria over } \text{PivotStrength} \text{ bars.}

Inputs

• DarvasMode (default: 3)
• PivotStrength (default: 3)
• RollingPeriod (default: 1)
• BoxesMode (default: 0)
• ChannelMode (default: 1)
• PivotsMode (default: 0)
• GhostBoxesMode (default: 0)
• SignalMode (default: 0)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.