edward_Z

Eros Darvas Box Momentum by Zekis

The strategy traces its origins to 1956, when Nicolas Darvas turned a $10,000 investment into $2 million over an 18-month period using this theory

Short introduction: Darvas Box is based on momentum, the price will stay in the channel and when wil exit from the channel will be the trigger for shorts or longs

More about Darvas Box Theory
https://www.investopedia.com/terms/d/dar...


Rules are simple:
Enter Long when the price exits the channel through the topline
Exit Long when it enters in the channel
Enter Short when the price exits the channel through the bottom line
Exit Short when it enters in the channel

You need to set all values for your needs, according to what you trade
Alerts are enabled

Enjoy!
@Zekis
Protected script
This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?