Darvas Boxes screener maybe doable in Prorealtime
10/24/2022 at 5:34 PM #202989
As far as I understand from what I’ve read so far in this forum, Prorealtime is not capable of creating a screener based on Darvas Boxes (correct me if I’m wrong). However, after seeing this detailed video about a Darvas Boxes screener clearly based on Tradingview, I believe something similar could be possibly developed. I don’t have the required skills to do it. Here is the video, please check it out and let me know if this is doable. Thank you.10/25/2022 at 11:30 AM #203007
These are a couple of links to the indicator https://www.prorealcode.com/prorealtime-indicators/darvas-boxes-2/, https://www.prorealcode.com/prorealtime-indicators/darvas-boxes/. Which one are you using?
What signal should the screener return (when the box is broken)?10/25/2022 at 4:06 PM #203033
Hi Roberto, I was only aware of the first link. The needed signal should be buy at breakout. Having such a screener would be great. Check this interesting article “The 7 Best Price Action Patterns Ranked by Reliability”: https://samuraitradingacademy.com/7-best-price-action-patterns/
The statistics on the price action of 7 patterns were accumulated through testing of 10 years of data and over 200,000 patterns. In all these cases the price action patterns were only included once they were considered to be complete, which usually means a full break of a support/resistance area or trendline.
All the main patterns (excluding Cup & Handle) were examined and Darvas Boxes was the second most reliable one.
Therefore, getting such a screener would be extremely interesting for all the community.10/27/2022 at 3:12 PM #20312610/27/2022 at 6:48 PM #20312911/01/2022 at 7:24 PM #203383
There you go (based on the indicator at https://www.prorealcode.com/prorealtime-indicators/darvas-boxes-2/):Darvas Boxes 2 (screener)12345678910111213141516171819202122232425262728293031// Darvas Boxes 2//// https://www.prorealcode.com/prorealtime-indicators/darvas-boxes-2/////============================== Indicateuronce DownBoxe=undefinedonce UpBoxe=undefinedc1 = 0IF close CROSSES OVER UpBoxe THENc1 = 1ENDIFIF close CROSSES UNDER DownBoxe THENc1 = 2ENDIFif box=1 and (high>DownBoxe or low<UpBoxe) thenbox=0flag=0endifif box=0 and flag=0 and low>low and low>low and low>low thenth=lowflag=1endifif flag=1 and box=0 and low<th thenflag=0endifif flag=1 and box=0 and high<high and high<high and high<high thenDownBoxe=highUpBoxe=thbox=1endifSCREENER[c1 AND close > 20](c1 AS "1=↑, 2=↓")
1 user thanked author for this post.11/01/2022 at 7:27 PM #203384