OPEN-SOURCE SCRIPT
Darvas Box with EMA Crossovers
This indicator combines three powerful tools to help traders make informed decisions:
Darvas Box Levels: Automatically detects potential support and resistance zones based on the highest highs and lowest lows over a specified period. This helps identify price consolidation and breakout zones.
EMA Crossovers: Includes two Exponential Moving Averages (EMAs) with customizable periods. Bullish and bearish crossover signals are visually marked on the chart for trend-following strategies.
Bollinger Bands: Plots Bollinger Bands with adjustable length and multiplier. These bands help identify volatility, potential overbought/oversold conditions, and dynamic support/resistance levels.
Features:
Adjustable inputs for Darvas Box length, EMA periods, and Bollinger Band settings.
Clear visual cues for EMA crossovers (buy/sell signals).
Dynamic support and resistance visualization with Darvas Boxes.
Bollinger Bands for tracking price volatility and potential reversals.
Use this indicator for trend analysis, breakout detection, and combining multiple confirmation signals for better trade entries and exits.
Use it along with RSI for better result.
Let me know if you’d like to tweak or expand on this description!
Darvas Box Levels: Automatically detects potential support and resistance zones based on the highest highs and lowest lows over a specified period. This helps identify price consolidation and breakout zones.
EMA Crossovers: Includes two Exponential Moving Averages (EMAs) with customizable periods. Bullish and bearish crossover signals are visually marked on the chart for trend-following strategies.
Bollinger Bands: Plots Bollinger Bands with adjustable length and multiplier. These bands help identify volatility, potential overbought/oversold conditions, and dynamic support/resistance levels.
Features:
Adjustable inputs for Darvas Box length, EMA periods, and Bollinger Band settings.
Clear visual cues for EMA crossovers (buy/sell signals).
Dynamic support and resistance visualization with Darvas Boxes.
Bollinger Bands for tracking price volatility and potential reversals.
Use this indicator for trend analysis, breakout detection, and combining multiple confirmation signals for better trade entries and exits.
Use it along with RSI for better result.
Let me know if you’d like to tweak or expand on this description!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.