BeST Darvas Boxes MT5

BeST Darvas Boxes MT5

BeST_Darvas Boxes is a Metatrader 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
• it can be used as a standalone trading system/method

Inputs

Basic Settings

• LB Period  -  LB # of bars for calculating the Darvas Boxes
• Entries Mode – for selecting how to Enter the Market i.e. in a Single Entry or in a 2_Additional Entries
• Exits Mode (only for Single_Entry_Mode) – for selecting how to Exit a position.Works only for the Single Entry Mode while for the 2 Additional Entries 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 and size of drawn objects like Vertical Line locating the last Entry Signal and the corresponding Entry Price Level Horizontal Line and TP/SL Levels

Note: Color and size of all other’s drawn objects (like Exit MAs,Arrows,…) are controled in the tab Colors

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

For EA Developers

Top of a Box :                                                                 Buffer = 1

Bottom of a Box :                                                            Buffer = 2

Buy Arrow :

(Single_Entry_Mode/

1st position for the 2_Additional_Entries_Mode)                 Buffer = 3

Sell Arrow :             

(Single_Entry_Mode/

1st position for the 2_Additional_Entries_Mode)                 Buffer = 4

Add_Buy_2 Arrow:                                                           Buffer = 5

Add_Sell_2 Arrow:                                                           Buffer = 6

Add_Buy_3 Arrow:                                                           Buffer = 7

Add_Sell_3 Arrow:                                                           Buffer = 8

Custom_Exit_Signal:                                                        Buffer = 9

Exit_fastMA:                                                                    Buffer = 10

Exit_slowMA:                                                                   Buffer = 11