This is a trend following strategy which plots the boxes based on the length provided. Any breach in the box creates a signal to enter a position. Please read for more details on the Darvas Box Theory.
Strategy Logic
Long Entry: When candle closes above the green line, send LE
Long Exit: Either when SL or Target is hit. If SL/TGT is not hit, and when candle closes below the red line, send LX and SE
Short Entry When candle closes below the red line, send SE
Short Exit: Either when SL or Target is hit. If SL/TGT is not hit, when candle closes above the green line, send SX and LE
Box Theory Parameters for TradingView Charts
Box Length: Length of Box based on the number of previous candles
Quantity: This is used to specify the trade quantity
Custom Stop Loss in Points: Movement in chart price against the momentum which will trigger exit
Custom Target in Points: Movement in chart price against the momentum which will trigger exit