Through Some Light on Darvas Boxes


After update of Pie! I just playing with Darvas Boxes, Can you guys please guide me.

What it is & How it is helpful for traders?

Thank you

Darvas’ trading technique involved buying into stocks that were trading at new 52-week highs with correspondingly high volumes.

A Darvas box is created when the price of a stock rises above the previous 52-week high, but then falls back to a price not far from that high. If the price falls too much, it can be a signal of a false breakout, otherwise the lower price is used as the bottom of the box and the high as the top.