Nicolas Darvas was a legendary investor who amazed the Wall Street by building a multi-million dollar fortune with very small capital. This app tries to plot the boxes he suggested in his book "How I Made $2,000,000 in the Stock Market". For more details about Nicolas Darvas and his technique please refer his wiki page: http://en.wikipedia.org/wiki/Nicolas_Darvas
There are many colors used for the boxes displayed on the charts. Color coding is as follows:
Green boxes indicate that the stock went up the Darvas box.
Red boxes indicate that the stock went down the Darvas box.
Blue boxes(or Darvas 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).
For more details, please refer http://sportswithin.com/sportingWithStocks.php .
NOTE:: Stock market future is unpredictable, you need to make your own buy/sell decisions based on the risk you can take. I hope this app is helpful to the investors, but it takes no responsibility of the outcomes of investors' decisions. If you agree then only download this!