The Darvas box theory is based on the work of Nicolas Darvas, author of the book How I Made $2 Million in the Stock Market. This indicator uses his box theory to help visualize upward trends and find potential opportunities to buy or add to a position.
Darvas was a growth stock trader. After extensive study of historical stock movements, Darvas noted stocks “have a defined upward or downward trend which, once established, tended to continue. Within this trend stocks moved in a series of frames, or what I began to call boxes.“
Install the latest release of Darvas Box Theory – Tracking Uptrends indicator.