TheRumpledOne wrote:Using High/Low as inputs gives breakout lines.
Forgot that I can't use currentdate on the weekends!!
That breakout would have happened for us about 8 dollars ago and would already be a big winner even though it is coming up on the breakdown line. There might be some profit taking here.
If you could, please try to add the code from the key reversal up candle to the DarvasBox as a condition to the ploting of the box for long trades.
Key reversal up candles indicate support is near.
It could be a major improvement.
BTW, when I scalp on 5 minute charts, I try to buy the key reversal candle because I know where the areas of support and resistance are.
After the first congestion area forms and the next breakout happens, I trail my stop to the back of the new congestion area.
The DarvasBox breakout is the next best place to get in if I miss the key reversal candle or if I can't watch the screen. I still need to manually turn the DarvasBox on after the key reversal candle or it would short me to the poor house.
Now I run the long on one chart and the short on another.
The Weinstein 4 stage code might be harder because of the vertical and horizontal channels. He also uses RSI and a 40 week MA cross as triggers and increasing volume also to confirm the breakout.
Have you ever read his book?
Man I wish I could come up with a better way to explain myself.