screener
Whenever your mouse hovers your avatar (upper right corner on the blue band of this site) a search box opens and you’ll be able to find any existing topic related to the selected words. This a BOOMER screener where Adx, [...]
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indicator
This ProBuilder code snippet demonstrates how to create normalized volatility bands around a moving average of relative strength. The normalization process adjusts the upper band to 100 and the lower band to 0, making it easier to compare and visualize [...]
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indicator
This code snippet demonstrates how to calculate a custom Average True Range (ATR) that excludes data from non-trading hours (night time) for a specific market. The ATR is a technical analysis indicator used to measure market volatility by decomposing the [...]
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strategy
This ProBuilder code snippet is designed to detect scenarios where a trading order is opened and closed within the same bar, which can be crucial for analyzing trade execution and strategy performance. if ( (not onmarket and onmarket[1]) or [...]
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screener
This code snippet demonstrates how to implement a screener using both the Stochastic Oscillator and MACD (Moving Average Convergence Divergence) indicators across multiple timeframes (weekly, daily, 4-hour, and 1-hour) in the ProBuilder language. The screener [...]
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strategy
This ProBuilder code snippet demonstrates how to set a dynamic stop loss based on the minimum value between a 20-period Exponential Moving Average (EMA) and the lowest low of the last two bars. This technique is often used in trading [...]
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strategy
This ProBuilder code snippet demonstrates how to calculate the performance of a Buy & Hold strategy over a specific period. The code calculates the percentage change in the price of a stock or asset from the beginning to the end [...]
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indicator
This ProBuilder code snippet demonstrates how to draw a horizontal line on a chart at the highest high of the last 30 bars. This can be useful for visualizing resistance levels or significant price points over a given period. DEFPARAM [...]
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strategy
This ProBuilder code snippet is designed to manage trading by setting daily maximum profit and loss limits. It helps in controlling risk by disabling trading if the specified thresholds are reached. MaxProfit = 50 //max daily profit objective in pips [...]
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strategy
This ProBuilder code snippet demonstrates how to dynamically adjust a stop loss to breakeven plus a specified number of pips once a trade reaches a certain profit threshold. The example is specifically for setting a stop loss at breakeven plus [...]
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strategy
This code snippet demonstrates how to implement a dynamic trailing stop loss and take profit mechanism in a trading strategy using ProBuilder language. The trailing stop adjusts as the market price moves, ensuring that the stop loss and take profit [...]
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indicator
This ProBuilder code snippet demonstrates how to perform calculations at fixed time intervals, specifically every X seconds. This is useful in scenarios where you need to update indicators or perform calculations less frequently to reduce computational load [...]
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indicator
This code snippet demonstrates how to calculate a weighted average of trend durations in financial markets, emphasizing trends with smaller price movements. The weighting is based on both the duration and the price difference of each trend. // --- settings [...]
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strategy
This code snippet demonstrates how to implement a trading strategy with trailing stop and breakeven functionalities using the ProBuilder language. The strategy is designed to execute trades based on moving average crossovers and manage risk with dynamic [...]
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strategy
This ProBuilder code snippet demonstrates how to implement a basic risk management strategy by calculating the maximum allowable position size based on account equity and predefined risk parameters. This is crucial for maintaining sustainability in trading by [...]
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screener
This code snippet demonstrates how to create a stock screener in ProBuilder that filters stocks based on multiple technical indicators and conditions over a specified number of bars. The screener checks for conditions involving the Relative Strength Index [...]
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screener
This ProBuilder code snippet demonstrates how to use the `EQUITYFRAME` function for cross-instrument analysis, specifically to screen a single stock based on its price movements relative to its moving averages across different timeframes. [...]
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indicator
This ProBuilder code snippet demonstrates how to create a fading color effect on text by adjusting the alpha transparency. The example uses a series of `DrawText` functions to display text with decreasing levels of opacity, creating a visual fade-out effect. [...]
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strategy
This ProBuilder code snippet is designed to calculate Maximum Adverse Equity (MAE) and Maximum Favourable Equity (MFE) for trading positions, specifically focusing on long positions. These metrics are crucial for understanding the potential risk and reward [...]
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strategy
This code snippet demonstrates how to implement a trailing stop strategy based on candle highs using the ProBuilder programming language. The strategy includes conditions for entering trades, managing monthly losses, and dynamically adjusting stop levels [...]
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