The Darvas Box indicator for Metatrader 5 was developed by Nicolas Darvas and uses a special technique for identifying buy and sell trend direction.
The indicator is displayed in the price chart as two colored channel lines that together form the actual Darvas Box.
Usage:
- When the Darvas Box is trending up, we will be looking for buy entry signals.
- When the Darvas Box is trending down, we will be looking for sell entry signals.
The following indicator inputs and parameters can be modified: box top color, and box bottom color.
The Darvas Box indicator should work best for traders looking for short-term profits.
Make yourself familiar with this technical indicator and test it first on a demo account for an extended period.
It supports all time frames and Forex pairs.
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Darvas_Box.mq5 Indicator (MT5)
Chart Example
The following chart shows how the Darvas Box indicator looks like when applied to the MT5 chart.
How To Buy And Sell FX Pairs With The Darvas Box Indicator?
Find a simple trading example below:
Buy Signal
- A buy signal is given when the Darvas Box is trending up and the price hits the red bottom line.
- Execute a buy order and place a protective stop loss below the red line.
- Exit the buy trade when the price touches the green upper Darvas box line, or wait for a sell signal.
Sell Signal
- A sell signal is given when the Darvas Box is trending down and the price hits the green top line.
- Execute a sell order and place a protective stop loss above the green line.
- Exit the sell trade when the price touches the red lower Darvas box line, or wait for a buy signal.
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Darvas_Box.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Darvas_Box.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration