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:
timeframe(5 minutes).croisement that checks if a 7-period moving average crosses over a 20-period moving average within this 5-minute timeframe.timeframe(default).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.
Check out this related content for more information:
https://www.prorealcode.com/topic/prise-de-position-immediate/#post-198065
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