This overlay indicator plots ATR-based horizontal levels around the previous close of a selected higher timeframe. A trading-type input maps day, multiday, swing, position, and long-term modes to daily through yearly periods. It draws trigger bands from a perc
Indicator · Pine Script v5 · On the chart
Dereköy-Darvas
The Dereköy-Darvas indicator combines Darvas Box boundary levels with dual Bollinger Bands plotted directly on the main price chart.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code52
Settings6inputs
LicenceNone stated
Last update2 years ago5 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Dereköy-Darvas calculates top and bottom box lines based on recent high and low extremes to outline price consolidation zones. Simultaneously, it computes narrow and wide Bollinger Bands around a simple moving average, shading the channel between the band multipliers. Input settings allow users to adjust the Darvas box length, moving average length, price source, and deviation multipliers.
- Darvas Box upper and lower channel boundaries
- Dual Bollinger Bands with narrow and wide multipliers
- Visual background fill between band multipliers
- Configurable box length and band source inputs
Details
Published by
Kalumur on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Support & resistance, Moving averages, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| BOX LENGTH | int | 5 | boxp |
| BB MA | int | 20 | length |
| BB Source | source | close | src9 |
| Narrow BB Multitude | float | 2.0 | mult |
| Wide BB Length | int | 20 | length1 |
| Wide BB Multitude | float | 3.0 | mult1 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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