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BASiCS<br />
www.tradersonline-mag.com 04.2014<br />
Darvas Boxes Analysis<br />
A Simple and Useful Tool Based on Support and resistance Theory<br />
Oscar Cuevas<br />
Oscar Cuevas is a computer engineer and<br />
provides online webinars on Expert Advisor<br />
programming. He has also been a content<br />
developer and trading strategies programmer in<br />
Visual Chart for more than fi ve years.<br />
sistemas@visualchart.com<br />
In the late 50s, Nicolas Darvas developed his famous boxes<br />
theory. According to this theory, prices move inside support<br />
and resistance channels that the author of the theory called<br />
Darvas Boxes. When price moves outside these boxes, the<br />
author claims that new support and resistance levels are<br />
going to be generated depending on the extreme price exit<br />
the boxes form.<br />
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