indicator
This ProBuilder code snippet demonstrates how to use arrays to compare the values of an indicator (RSI in this case) within the same bar. The code aims to track changes in the RSI value during the formation of a single [...]
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strategy
This ProBuilder code snippet demonstrates how to calculate the break-even point for a trading position. The break-even point is the price level at which the cost of the position is equal to the revenue it generates, resulting in no net [...]
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strategy
This code snippet demonstrates how to set restrictions on trading activities based on specific days of the week and times of the day using ProBuilder language. This is particularly useful for strategies that should avoid trading during certain market [...]
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strategy
This code snippet demonstrates how to partially close a trading position when the price retraces to a certain level in ProBuilder language. This is particularly useful for managing trading risks and locking in profits. if longonmarket then myEntryPrice = [...]
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strategy
This code snippet demonstrates how to ensure that only one trade is executed per timeframe in a trading strategy using ProBuilder language. This is particularly useful for strategies that need to limit the number of trades within a specific time [...]
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global
This ProBuilder code snippet demonstrates how to assign values to parameters based on conditional cases. It is particularly useful when different scenarios require distinct parameter settings, and you want to manage them within a single block of code. For [...]
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global
This code snippet demonstrates how to identify a sequence of consecutive increases in the closing prices of a stock or asset over a specified number of periods using the ProBuilder language. IF summation[5](close > close[1]) = 5 THEN... The code [...]
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indicator
This ProBuilder code snippet demonstrates how to plot the last specified number of levels of the Donchian Channel, using a 500-period lookback. The lines are extended across the chart to visually represent the upper and lower bounds of the channel [...]
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strategy
This ProBuilder code snippet demonstrates how to implement a trading pause for a specified number of bars after incurring a loss in a trading strategy. The purpose is to avoid entering new trades immediately after a losing trade, which can [...]
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indicator
This code snippet demonstrates how to calculate the SuperTrend indicator using Heikin Ashi candlestick values in ProBuilder. The SuperTrend is a popular trading indicator that combines price momentum and volatility to determine potential market trends. Heikin [...]
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strategy
This code snippet demonstrates how to limit the number of trades executed per day in a trading strategy using the ProBuilder language. The example provided sets a maximum of two trades per day, but this can be adjusted by changing [...]
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indicator
The following ProBuilder code snippet demonstrates how to visualize the Chikou Span of the Ichimoku Kinko Hyo indicator by plotting it 26 periods in the past using the `DRAWSEGMENT` function. This approach is useful for those looking to incorporate visual [...]
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strategy
This ProBuilder code snippet demonstrates how to implement a trailing stop strategy that retains a specified percentage of profit for both long and short positions in trading. The strategy starts to trail the stop loss once a certain amount of [...]
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strategy
This ProBuilder code snippet demonstrates how to calculate and track profits separately for long and short trading positions within a trading strategy. The code identifies the type of trade (long or short) and updates the respective profit variables [...]
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global
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. [...]
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indicator
This ProBuilder code snippet demonstrates how to calculate and visualize the starting point of a linear regression channel. The code calculates the linear regression based on a specified lookback period and draws the regression line and its starting point on [...]
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global
This code snippet is designed to identify six distinct market phases using two moving averages (MA50 and MA200) on a daily timeframe. It can be integrated into trading strategies to optimize entry and exit conditions based on the current market [...]
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global
This ProBuilder code snippet is designed to find the bar with the highest high value over the last 20 bars and capture the corresponding date, time, and bar index. This can be useful for analyzing price movements in trading data. [...]
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indicator
This code snippet is designed to calculate the percentage spread between the highest and lowest moving averages on a chart and track the historical maximum and minimum values of this spread. It uses three different types of moving averages: two [...]
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strategy
This ProBuilder script is designed to manage a trading position by implementing a trailing stop loss and instantly reopening a trade when certain conditions are met. The code snippet below demonstrates how to set up these trading controls. Once TriggerPips [...]
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