Nicolas Darvas Box Plotter
Who was Nicolas Darvas ?
Nicolas Darvas was a dancer cum investor who amazed the Wall Street by building a multi-million dollar fortune with very small capital.
During his time off from dancing, he read many books on investing and spent multiple hours analyzing stock market trends.
Later he discovered a technique called box theory which made him this fortune.

Below is the plotter which plots Darvas boxes and moving averages

Download android application!)
Chart settings SMA1
SMA2
SMA3
MACD(26,12,9)
RSI(14)
AvgVol(20)
DarvasBoxes
symbol
Click on darvas box to see it's dimension.
Click anywhere on chart to see that day's data.

RESEARCH STOCKS     This tool now available on android!
stability period:
Please wait for a minute after you press above button..


HOW TO USE THIS TOOL - Red boxes indicate that the stock went down the Darvas box which is a SELL SIGNAL.
- Green boxes indicate that the stock went up the Darvas box which is a BUY SIGNAL.
- Blue boxes indicate that top and bottom are established but so far no breakout i.e. stock is between trading range. This implies you can have a buy order like Darvas used. e.g. buy if > top of blue box.

HOW TO BUY/SELL ?
  • Let us say you have your favourite stock which follows basic darvas criteria like (year over year earnings increase, stock is near 52 week high, There's lot of recent interest in this stock i.e. high volume )
  • Now put this stock symbol in above tool.
  • Wait till you see a blue box or darvas box at the end. (This could be multiple days)
  • Take your mouse pointer inside this darvas box to see it's top and bottom.
  • Put your stop buy order like top + 0.25 and stop sell order like top - 0.25.
  • If stock price goes higher, this blue box will turn green. (You have this stock in your portfolio).
  • If stock price goes less than bottom of this box then this blue box will turn red. (You won't have this stock in your portfolio).
How are the Nicolas Darvas boxes formed in this tool? This tool looks first for the top, if top is not penetrated for 3 days including that day then it tries to find the bottom. It does the same for bottom, i.e. if bottom is not penetrated for 3 days then bottom is established. Low of the days between top and top+3 is ignored as this is the time when top is getting established. After top and bottom are established it tries to find the breakout. If there is no breakout yet then the color of the box is blue. If breakout is to the up side then color of the box is green, else it is red. You can change box period = 3 to any value.

Latest analysis of the stock at the bottom of the chart
e.g. Finding Top or bottom or breakout. (e.g. DBox@end::Finding Btm, tp high=126.15 on Feb21, Gd sl=0.35 from Dvs Top, Init$100,Dv$106.94vs$49.62 s1). Top is established here, it's trying to find the bottom. Good sl(Stop loss) is 0.35 i.e. 126.15 - 0.35 based on the history of this stock, If initial investment is $100, then it would have become $106.94 after the end of this period if you followed this method vs $49.62 if you just bought at the begining and haven't sold it yet, s1 and s2 are the two strategies which the tool checks. s1: Here down breakout is not considered at all. i.e. we never sell even if down breakout happens. s2: Here down breakout is considered . i.e. we sell if down breakout happens. We have seen that s1 is better most of the time. Even Darvas seems to use s1 most of the time as he was putting his stop loss along with the buy order with very little margin.

TOP OF THE CHART
  • DI: which means Darvas box info and
  • SI: which means stock info based on your mouse pointer on the chart.
  • MA is moving average e.g. put 30 and press submit