indicator
This code snippet demonstrates how to detect divergences between a momentum indicator (like RSI) and price movements in a trading chart using the ProBuilder programming language. Divergences can be a significant indicator in technical analysis, suggesting [...]
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indicator
This ProBuilder code snippet demonstrates how to calculate the relative volume of a stock compared to its average volume over a specified number of days. The relative volume is a useful indicator in trading that shows how current volume compares [...]
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strategy
This code snippet demonstrates how to use a flag variable to control trading actions based on specific conditions in the ProBuilder language. The flag helps in managing the entry and exit of trades by counting specific conditions during the trade’s [...]
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strategy
This ProBuilder code snippet demonstrates how to implement trailing stops and price targets in a trading strategy. The code includes conditions for both long and short positions, adjusting stop losses and setting target prices based on market conditions. IF [...]
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global
This code snippet demonstrates how to calculate the angle of a moving average (MA) in the ProBuilder language. The angle of the MA can provide insights into the trend’s strength and direction. // Define the period for the moving average [...]
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strategy
This code snippet demonstrates how to use time and day conditions to set flags for trading decisions in ProBuilder. The flags are used to determine whether to execute a trade based on the specific time and day of the week. [...]
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screener
This code snippet demonstrates how to calculate the proximity of the current closing price to the 200-day Simple Moving Average (SMA200) in terms of percentage. This can be useful for identifying how close the price is to this moving average, [...]
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strategy
This code snippet demonstrates how to implement pending stop orders in the ProBuilder language, which is used within the ProRealTime trading platform. The script sets up conditions for entering long and short positions based on the highest and lowest prices [...]
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strategy
This code snippet demonstrates how to implement a trailing stop strategy for cumulative positions in trading using the ProBuilder language. A trailing stop is a type of stop-loss order that moves with the market price and is designed to protect [...]
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indicator
This ProBuilder script calculates the percentage change between the closing price of the previous trading day and the opening price of the current trading day. It also displays this information on the chart for visual analysis. DEFPARAM CalculateOnLastBars = [...]
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indicator
This code snippet is designed to identify local tops and bottoms in a series of closing prices. Local tops and bottoms are points where the price changes direction, which can be crucial for analyzing market trends. if that line is [...]
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screener
This code snippet demonstrates how to calculate and screen stocks where multiple moving averages are within a specified percentage range of the current closing price. This is useful for identifying stocks with converging short-term, medium-term, and long-term [...]
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indicator
This code snippet demonstrates how to visually represent the relationship between two moving averages by dynamically coloring the area between them. The color intensity changes based on the ratio of these averages, providing a clear visual cue of their [...]
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global
This ProBuilder code snippet is designed to count weekdays at the beginning of each new month. It resets the count at the start of the month and increments the count on each weekday. IF OpenMonth OpenMonth[1] THEN GiornoFeriale = 0 [...]
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strategy
This ProBuilder code snippet is designed to prevent trading on the last working day of the month. It calculates the end of the month and sets a flag to disable trading on that day. If OpenMonth <> OpenMonth[1] Then OM [...]
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strategy
This code snippet demonstrates how to implement a multi-level profit taking strategy using the ProBuilder programming language. The strategy is designed to scale out of positions at various profit levels, ranging from 0% to 5%. It also includes an emergency [...]
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indicator
This ProBuilder code snippet is designed to count the number of positive and negative price ticks within the same candlestick. It uses array variables to maintain count across ticks during the candlestick’s formation, which is crucial for analyzing [...]
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strategy
This code snippet demonstrates how to implement exit strategies in trading algorithms using the ProBuilder language. It includes conditions for exiting both long and short positions based on trade duration, performance, and RSI indicators. //EXIT ZOMBIE TRADE [...]
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strategy
This code snippet demonstrates how to implement a sequential event detection system in a trading strategy using the ProBuilder language. The system checks for a series of conditions (events) across different timeframes before executing a trade. Each event has [...]
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strategy
This code snippet demonstrates how to implement a breakeven strategy using multiple timeframes in ProBuilder. The strategy sets a stop loss to breakeven when a certain profit target is reached during a trade. defparam cumulateorders=false //declare the [...]
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