Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 6/16/2008(UTC)
Posts: 14
Location: South Africa
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I have loaded the Metastock version of the formulas and the indicators, but when I apply it to the graph it does not fit properly (Box High do not correspond with the high as wel as the low - ) Can anyone assist in what I am doing wrong! maybe there is different formula - is there a way that it can pick the box or must it be lines as i am experiencing
Regards
Arrie
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Rank: Advanced Member
Groups ready for retrieval: Registered, Registered Users, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 121
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If I had to guess, it is probably a scaling issues with the indicators.
Right click on the Darvas indicators, select Scaling, select Merge with Scale on Right, then Click OK
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 7/12/2007(UTC)
Posts: 134
Location: Perth Western Australia
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Hi Arrie,
You are not doing anything wrong!
When you consider the rules for creating a Darvas Box the answer will become obvious.
The first step is to establish the new "Darvas Box Top" or "Darvas High" which identifies a new 12 month high (classic Darvas) which is followed by three lower highs.
Now, when you look at your chart and armed with this knowledge, you will understand that the top line will start to plot 3 days after the new high was formed and the bottom line will start to plot 3 days after the box low has formed.
Once you are aware of this it is easy to mentally place the Darvas Box on the chart as Metastock can effectively only plot continuous lines in this application.
Cheers,
oz
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Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 6/16/2008(UTC)
Posts: 14
Location: South Africa
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Thanks - You are perfectly right - your comments just made it for me - can see it clearly now - hope you have a perfect and prosperous 2009.
Arrie - from Sunny South Africa!
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Rank: Member
Groups: Registered, Registered Users, Subscribers
Joined: 6/16/2008(UTC)
Posts: 14
Location: South Africa
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Thanks Joe
Hope you have prosperous 2009!!
Arrie - From Sunny South Africa!!
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