Darvas Box Technical Analysis and Darvas Box Signals
Developed by Nicolas Darvas
Nicolas Darvas is a famous trader who made 2 million dollars trading the stocks market. Darvas started with an account of 10,000 dollars and made a profit of over 2 million dollars.
This is one of the methodologies which Darvas combined to form his stocks system. Along with this technique he made accurate trading decisions.
Darvas Box
Technical Analysis and How to Generate Signals
This technique is used to generate signals based on a simple break out strategy of the Darvas Box lines.
Bullish Signal
If the price of a currency pair breaks out at the top box line, then this is a bullish signal
Bearish ++##++Trading Signal
If the price of a currency pair breaks out to the lower line, then this is a bearish signal.
The example below shows a bearish signal generated from the Darvas Box Indicator.
Breakout - Bearish Signal