Skip to content

Darvas Forex Indicator For Metatrader 4

    The Darvas forex indicator for MetaTrader 4 is a trading strategy that was designed in 1956 by Nicolas Darvas, an Ex-ballroom dancer.

    His trading ideology is simple, just buy into stocks that are trading at new peaks.

    This idea can be extrapolated to any other financial asset i.e. commodities, currencies, etc.

    A Darvas box is formed when the price of a currency pair surges past the previous high but dips back to a price level not far from that peak.

    The idea behind the Darvas box is basically a momentum strategy.

    Free Download

    Download the “darvas.ex4” MT4 indicator

    Example Chart


    The Darvas indicator deploys technical analysis and momentum model to define when to initiate or exit a trade, and it also deploys fundamental analysis to define the asset to buy or sell.

    This implies that the Darvas box aids traders decide price to initiate or exit a trade.

    It is usually a signal of a break when price breaks outside of the Darvas box.

    The Darvas theory is designed to look for signs that a currency is ready to make a strong move.

    You will get the most out of the Darvas indicator when used in combination with other MT4 Forex indicators.

    The probability of a big move is depicted by a momentous volume increase.

    Once a rare volume increase is spotted a narrow price range Darvas box is created.

    The floor of the box represents the asset low, while the ceiling of the box represents the asset’s high.

    A trader is expected to enter a buy when price breaks through the ceiling of the box, while a sell is initiated when price breaks below the floor of the Darvas box.


    Download the “darvas.ex4” MT4 indicator

    MT4 Indicator Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: chart pattern indicator

    Customization options: Variable (), Colors, width & Style.

    Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

    Type: trend, momentum

    How to install the Darvas custom indicator in Metatrader 4?

    • Download the Darvas indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.