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BoxToBox by Gurky

Combination of the box theory by Nicolas Darvas and the turtle system.
If the price is above the box, it's long. If the price is below the box, it's short. And follow tags for exit. Simple game plan.
Darvas box theory is a technical tool that allows traders to target stocks with increasing trade volume.
The Darvas box theory is not locked into a specific time period, so the boxes are created by drawing a line along the recent highs and recent lows of the time period the trader is using.
The Darvas box is a trend following system. A trend following system is one that does not try to anticipate a market move. Another way of saying this is that the system is reactive versus predictive.
Darvas would only enter stocks that were in confirmed uptrends and breaking out of consolidation patterns to make new highs. His boxes helped him visualize this while he was on the road dancing for a living.
Essentially, if a stock on his watchlist was bouncing around inside a “price box” of say $35 and $40, then he knew if it broke to $40.50, it was time to buy.
Likewise, if the stock retreated back into the box, it hit his stop loss orders. He wanted to make sure the uptrend was confirmed with higher prices.
If the price is above the box, it's long. If the price is below the box, it's short. And follow tags for exit. Simple game plan.
Darvas box theory is a technical tool that allows traders to target stocks with increasing trade volume.
The Darvas box theory is not locked into a specific time period, so the boxes are created by drawing a line along the recent highs and recent lows of the time period the trader is using.
The Darvas box is a trend following system. A trend following system is one that does not try to anticipate a market move. Another way of saying this is that the system is reactive versus predictive.
Darvas would only enter stocks that were in confirmed uptrends and breaking out of consolidation patterns to make new highs. His boxes helped him visualize this while he was on the road dancing for a living.
Essentially, if a stock on his watchlist was bouncing around inside a “price box” of say $35 and $40, then he knew if it broke to $40.50, it was time to buy.
Likewise, if the stock retreated back into the box, it hit his stop loss orders. He wanted to make sure the uptrend was confirmed with higher prices.
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Mã được bảo vệ
Tập lệnh này được đăng dưới dạng mã nguồn đóng. Tuy nhiên, bạn có thể sử dụng tự do và không giới hạn – tìm hiểu thêm tại đây.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.