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The Darvas Box Theory was created by Nicolas Darvas and described in his first book, "How I Made $2,000,000 In The Stock Market" (1986, Lyle Stuart Kensington Publishing, New York).
Interpretation
One method of using the Darvas Box to signal trades is based on a simple breakout strategy of the Darvas Box lines. If price breaks the top box, trade long; if price breaks below the bottom box, trade short.
Implementation
The Periods input has been parameterized to allow the user full customization of this indicator. The input may need to be adjusted to better fit the dynamic nature of the foreign exchange currency markets (FOREX).
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