Darvas Boxes Modern/Classic

Category: trend, market_structure

An implementation of the Darvas Box theory, identifying price consolidation ranges based on pivot highs and lows, with support for modern and classic Darvas calculation variations.

Formula

\text{Top} = \text{PivotHigh}(n), \text{where } \text{High}_{i} > \text{High}_{i \pm n} \\ \text{Bottom} = \text{PivotLow}(m), \text{where } \text{Low}_{j} < \text{Low}_{j \pm m} \text{ and } j > i \\ \text{Breakout} = \text{Close} > \text{Top} \lor \text{Close} < \text{Bottom}

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 and every published strategy that uses Darvas Boxes Modern/Classic on WOBR StrategyVerse.