This ProBuilder code snippet demonstrates how to calculate the percentage difference between the highest and lowest values among three different curves: a moving average and two custom indicators (KijunSen and TenkanSen). This can be particularly useful for analyzing the spread or divergence between indicators in financial chart analysis.

kijun = KijunSen[9,26,52]
tenkan = TenkanSen[9,26,52]
mm = average[50]
ratio = max(mm, max(tenkan, kijun)) / min(mm, min(tenkan, kijun))
percent = abs(1 - ratio) * 100
return percent

Explanation of the Code:

• Line 1 & 2: The variables kijun and tenkan are assigned the values of the KijunSen and TenkanSen indicators, respectively. These indicators are commonly used in Ichimoku Kinko Hyo charting.
• Line 3: The variable mm is assigned the value of a simple moving average (SMA) calculated over 50 periods.
• Line 4: The variable ratio calculates the ratio of the maximum value among the three curves (mm, tenkan, kijun) to the minimum value among them. This determines how much the highest curve is above the lowest curve.
• Line 5: The variable percent calculates the absolute percentage difference from 1 of the previously calculated ratio. This step converts the ratio into a percentage format, which is easier to interpret in terms of relative difference.
• Line 6: The return statement outputs the calculated percentage difference, which can be used to trigger alerts or further analysis in a trading strategy or screener.

This code snippet is a practical tool for traders and analysts to measure the convergence or divergence between different technical indicators, providing insights into potential market movements.