Forex Trading Strategies

Mt5: Learning the Darvas Box Indicator for Forex Trading

The Darvas box indicator is a popular tool used by traders to identify potential buy or sell opportunities in the forex market. It was developed by the famous trader Nicholas Darvas in 1960. This indicator is usually applied to chart patterns based on price and volume. The Darvas box indicator consists of two lines requires a certain set of criteria to be met when generated for use within forex trading. This criteria includes an upward breakout when the security’s high price exceeds the previous box’s high, and a downward breakout occurs when the security’s low price falls below the previous box’s low. Traders utilize this indicator to identify potential buy and sell opportunities within the forex market. The Darvas box indicator is available to use in the MT5 trading platform.

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