Anyone use the Darvax Box method?

Quoting Skyhr

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I hope I'm not violating any rules or anything, but I think the Darvas box method is pretty old so I'm doubting it's a classified ad.

Anyways, so I know this was used for the stock market but has anyone tried this with forex? (I actually just bought a copy now)

I'm thinking of investigating this and maybe playing around with it. I'm trying to absorb as much as possible at this point - not trading much though, although I think I will begin to use a few plays here and there.

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Quoting bluemonkey

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( or maybe it was an advantage not having all the extras we have)

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Quoting Skyhr

Disliked

I hope I'm not violating any rules or anything, but I think the Darvas box method is pretty old so I'm doubting it's a classified ad.

Anyways, so I know this was used for the stock market but has anyone tried this with forex? (I actually just bought a copy now)

I'm thinking of investigating this and maybe playing around with it. I'm trying to absorb as much as possible at this point - not trading much though, although I think I will begin to use a few plays here and there.

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Quoting KudzuFX

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This may have some potential for 4X. There is an indicator available in Metastock form. Here's an idea from guppytraders.

The first formula is "Darvas High" which identifies new period highs followed by three lower highs.
Name of Indicator: Darvas High
Formula:
Periods:=100; { this is the only place the number of periods is set}
If((Ref(H,-3) >= Ref(HHV(H,Periods),-4))
AND Ref(H,-3) > Ref(H,-2)
AND Ref(H,-3) > Ref(H,-1)
AND Ref(H,-3) > H,
Ref(H,-3), PREVIOUS );
Name of Indicator: New Darvas High
Formula:
dh:= Fml("Darvas High");
def:=IsDefined(dh) AND IsDefined(Ref(dh,-2));
(def AND Ref(def,-1)=0) + (dh AND Ref(dh,-1)<>dh);
Name of Indicator: New Darvas Low
Formula:
dh:= Fml("Darvas High");
ndl:=(Ref(L,-3) < Ref(L,-2) AND Ref(L,-3) < Ref(L,-1)
AND Ref(L,-3) < L AND Ref(H,-2) < dh
AND Ref(H,-1) < dh AND H < dh);
def:=IsDefined(dh) AND IsDefined(Ref(dh,-1));
(def AND Ref(def,-1)=0)+ (ndl AND (Ref(ndl,-1) < 1))

Name of Indicator: Darvas Low
Formula:
If( Fml("New Darvas Low") , Ref(L,-3), PREVIOUS);
Name of Indicator: Darvas Box End
Formula:
end:=BarsSince(Fml("New Darvas High")) <
BarsSince(Ref(Fml("New Darvas Low"),-1));
def:=IsDefined(end) AND IsUndefined(Ref(end,-1));
(def AND Ref(def,-1)=0)+ (end AND Fml("New Darvas Low"))
We are now in a position to plot the High and Low of the Darvas box.
Name of Indicator: Darvas Box High
Formula:
dbe:=Fml("Darvas Box End");
dbhi:=If(dbe AND IsDefined(Ref(dbe,-1)), Fml("Darvas High"), PREVIOUS);
If(dbhi=0,H+0.0000001,dbhi)
Name of Indicator: Darvas Box Low
Formula:
dbe:=Fml("Darvas Box End");
bl:=If(dbe AND IsDefined(Ref(dbe,-1)), Fml("Darvas Low"), PREVIOUS);
If(bl=0,L-0.0000001,bl)
Next we need to develop the Sell Indicator. First we look for possible sell signals.
Name of Indicator: Darvas Poss Sell
Formula:
dsl:=L < Fml("Darvas Box Low");
def:=IsDefined(dsl) AND IsDefined(Ref(dsl,-1));
(def AND Ref(def,-1)=0)+(dsl AND (Ref(dsl,-1)<dsl))
Name of Indicator: Darvas Sell
Formula:
sell:=BarsSince(Fml("Darvas Box End")) <
BarsSince(Fml("Darvas Poss Sell"));
def:=IsDefined(sell) AND IsDefined(Ref(sell,-1));
((def AND Ref(def,-1)=0) + (sell = 0 AND Ref(sell,-1)=1))
Name of Indicator: Darvas Buy
Formula:
dc:= Fml("darvas sell");
{ change the following line to H>Fml("Darvas Box Hi") .. for Classic Darvas}
db:= C>Fml("Darvas Box Hi") AND
(BarsSince(Fml("darvas box end")) < BarsSince(Fml("darvas sell")));
dto:=If(db AND PREVIOUS=0,1,If(dc,0,PREVIOUS));
dto AND (Ref(dto,-1) =0)
Using these formulas it is simple to create a new Metastock Expert Advisor for Darvas. Create a New advisor, call it Darvas and fill in the following tabs
For the Trends tab I used the somewhat arbitrary
Bullish C >= Fml("Darvas Box Low");
Bearish C < Fml("Darvas Box Low");
For Symbols tab use
Buy: up arrow graphic, formula Fml("Darvas Buy")
Sell: down arrow graphic, formula Fml("Darvas Sell")
For Alerts tab use
Buy: formula Fml("Darvas Buy") and some suitable text message such as "buy on next open"
Sell: formula Fml("Darvas Sell") and some suitable text message such as "sell on next open"

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I wonder if it is also available in MT4? This is a type of channel that can work well in certain pairs.

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Quoting soso_beton

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Yeah sometimes I wonder how different our results would be if we had to draw all our charts by hand. I think we would put way much thought into the system and contemplating much longer before we switch it

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