BeST Darvas Boxes

BeST_Darvas Boxes is an MT4  Indicator based on the trading method developed in the 50’s by the Hungarian Nicolas Darvas.

BeST_Darvas Boxes indicator

• draws the Top and the Bottom of every Darvas Box  that can be confirmed on the current Chart.
• draws Buy and Sell Arrows  for every confirmed Upwards or Downwards Breakout of the above levels.
• draws always only after the bar closing and so is non-repainting or backpainting.

Inputs

Basic Settings

LB Period  -  LB # of bars for calculating the Darvas Boxes

Entries Mode – options for Entering the Market 

• Single_Entry_Mode :  only 1 Position for each direction
• 2_Additional_Entries_Mode : up to 2 additional positions for each direction

Exits Mode (only for Single_Entry_Mode) – options for Exiting the Market

• Reverse Mode
• TP and SL_Levels - fully adjustable (displaying,color,values)
• Fast & Slow MAs Crossing - fully adjustable

Note: for the 2 Additional Entries Mode the Exits Mode is by default the Reverse Mode

Position_1,2 and 3 Lot Size for 2_Additional_Entries_Mode – for the correct calculation of the Average Entry Price if we use the 2_ Additional_Entries_Mode

Exit Modes' Settings

• TP and SL Levels – for selecting TP and SL pip values if Exiting with a SL/TP
• MAvgs Parameters – for selecting the parameters of 2 Mov.Averages if Exiting with their crossings.

Displaying Settings - for selecting which chart objects and features to show/activate.

Graphical Settings - for selecting the color, size and distances of drawn objects like 

• Vertical Line locating the last Entry Signal 
• Entry Price Level Horizontal Line for the current open position
• TP/SL Levels Horizontal Lines
• Exit MAs Lines
• Chart Background Color Changes according to Trade Type

Arrows Settings - for controlling the Arrows use for Entry and Exit Signals.

Panel Settings - for controlling the use of the Trade Info Panel

Note: All Panel Infos are Real Time Updated while the Panel is fully color adjustable and can be moved anywhere in the chart.

Alert Settings - for controlling the use of Entry and Exit Alerts like 

• MT4 Alert Message
• Email Alert
• Push Notification Alert

For EA Developers