Intrabar Moving Average Crossover Strategy in ProBuilder

05 Aug 2024
0 comment
0 attachment

This code snippet demonstrates how to implement an intrabar moving average crossover trading strategy using different timeframes in ProBuilder. The strategy checks for a crossover of two moving averages within a single bar by switching timeframes.

//declaration des moyennes mobiles et test de leurs croisements
timeframe(5 minutes)
croisement = average[7] crosses over average[20]

//test à l'intérieur de la bougie avec un timeframe plus petit
timeframe(default)
if croisement then
    buy at market //achat au marché dés test croisement dans la bougie
endif

Explanation of the Code:

  • The code starts by setting the timeframe to 5 minutes using timeframe(5 minutes).
  • It then declares a variable croisement that checks if a 7-period moving average crosses over a 20-period moving average within this 5-minute timeframe.
  • The code then reverts to the default timeframe (which should be set to a smaller interval than 5 minutes, such as 10 seconds) using timeframe(default).
  • Within this default timeframe, it checks if the crossover (croisement) occurred. If true, it executes a market order to buy immediately using buy at market.

This strategy is useful for traders looking to capitalize on quick changes in market trends detected through moving average crossovers within a single bar, by analyzing these crossovers in a smaller timeframe than the one in which they are calculated.

Related Post

Check out this related content for more information:

https://www.prorealcode.com/topic/prise-de-position-immediate/#post-198065

Visit Link
What is a Snippet? A snippet is a small, reusable chunk of code designed to solve specific tasks quickly. Think of it as a shortcut that helps you achieve your coding goals without reinventing the wheel. How to Use: Simply copy the snippet and paste it into your project where needed. Don't forget to tweak it to fit your context. Snippets are not just time-savers; they're also learning tools to help you become a more efficient coder.
Nicolas New
Trader, Programmer, Coder enthusiast. Work with each other for a common goal.
Author’s Profile

Comments

Search Snippets

Showing some results...
Sorry, no result found!

Snippets Categories

global
33
indicator
132
strategy
170

Recent Snippets

Utilizing Arrays to Track and Compare Indicator Values Within the Same Bar in ProBuilder
indicator
This ProBuilder code snippet demonstrates how to use arrays to compare the values of an indicator (RSI in this case) [...]
Calculating Break-Even Points in ProBuilder
strategy
This ProBuilder code snippet demonstrates how to calculate the break-even point for a trading position. The break-even [...]
Implementing Time and Day Restrictions in Trading Algorithms
strategy
This code snippet demonstrates how to set restrictions on trading activities based on specific days of the week and [...]
Implementing Partial Position Closure Based on Price Retracement in ProBuilder
strategy
This code snippet demonstrates how to partially close a trading position when the price retraces to a certain level in [...]
Implementing Single Trade Per Timeframe Logic in ProBuilder
strategy
This code snippet demonstrates how to ensure that only one trade is executed per timeframe in a trading strategy using [...]
Logo Logo
Loading...