The Darvas Box Thread - Using the Nicholas Darvas system Message Board

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Strategies & Market Trends : The Darvas Box Thread - Using the Nicholas Darvas system

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To: MechanicalMethod who wrote (455)	11/26/2002 7:24:56 PM
From: booters	Read Replies (1) of 498

it has been a while since I did any EL coding but I have thought about what would create a top. It has to be a new high (higher than the day before) and not penetrated for three days (a new high 4 days ago). So a top is a day that is higher than the day before and higher than the next 3 days. That remains the top of the box until reset by the same occurance again at a later time. The reverse would be true for the bottom of the box. I would need to get my EL brain working again but that should not be that hard to do. To add to this only 52 week highs are used but I am going to assume he worked with daily charts so we can just use a 52 bar new high of what ever time frame we wish. The 52 bar new high would be easy to track with a simple 52 period HH/LL channel. Then he takes the second rally after the break of the 52 period line. So If boxtop(0) > 52HH/LL and high(1) < 52HH/LL then push = boxtop(0) If high > push then buy I like the idea behind this method because it uses sound market logic and good discipline. Could have real promise by itself or with another rule set. boots

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