indicator
This code snippet demonstrates how to change the background color of a chart based on specific trading hours using the ProBuilder language. The example sets a different background color during a defined time range to visually indicate trading hours on [...]
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strategy
This code snippet is designed to calculate and graph the Maximum Adverse Excursion (MAE) and Maximum Favorable Excursion (MFE) during the backtesting of a trading strategy. These metrics are crucial for assessing the potential risk and reward of a strategy [...]
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indicator
This code snippet demonstrates how to color candlesticks in a chart based on the Relative Strength Index (RSI) values indicating overbought or oversold conditions. The RSI is a popular momentum oscillator used in technical analysis that measures the speed and [...]
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strategy
This code snippet demonstrates how to use the `GRAPHONPRICE` function in ProBuilder to display multiple timeframe indicators on a single price chart. It includes examples of daily and hourly moving averages and Bollinger Bands. timeframe(daily) ema20daily = [...]
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strategy
This ProBuilder code snippet demonstrates how to dynamically adjust the trading lot size based on the accumulated strategy profit. The lot size increases when the profit reaches a certain threshold, promoting a compounding effect in profitable scenarios. // [...]
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strategy
This code snippet demonstrates how to calculate and track the maximum run-up (MaxRU) and draw-down (MaxDD) in a trading strategy using the ProBuilder language. These metrics are crucial for assessing the performance and risk of trading strategies over a [...]
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indicator
This ProBuilder script is designed to estimate the close price of a stock that would result in a specified Exponential Moving Average (EMA) value. The script iteratively tests potential close prices within a defined range to find the one that [...]
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strategy
This code snippet demonstrates how to use Multi-Time Frame (MTF) analysis in ProBuilder to open and close trading orders within the same bar. The example uses a higher time frame (1 hour) to decide on opening a position and a [...]
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strategy
This ProBuilder code snippet demonstrates how to calculate the position size for trading based on the daily volatility and predefined risk parameters. The calculation adheres to a risk management strategy inspired by Van Tharp’s principles, which focus [...]
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strategy
This code snippet demonstrates how to calculate the highest and lowest values of an Exponential Moving Average (EMA) since the last trade using the ProBuilder language. It ensures that there are enough bars to perform the calculation and that a [...]
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global
This code snippet demonstrates how to calculate the angle of a moving average slope over a specific period using trigonometry in the ProBuilder language. The example focuses on a 200-period moving average and evaluates its slope over the last 10 [...]
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indicator
This ProBuilder code snippet is designed to find and plot the closest daily high and low prices relative to the current price on a chart. It is particularly useful for traders who want to visualize significant price levels from previous [...]
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indicator
This code snippet demonstrates how to calculate the slope of an Exponential Moving Average (EMA) in terms of angles, which are approximated by price/time ratios. The result is visualized using a histogram where the color changes based on the angle’s [...]
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strategy
This ProBuilder script demonstrates how to adjust a stoploss to breakeven in a multi-timeframe trading strategy. The code snippet provided below shows how to manage orders on two different timeframes: the 1-hour timeframe for the trading signal and the [...]
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indicator
This ProBuilder code snippet is designed to draw a rectangle on a chart, marking the range between the highest and lowest prices of the day at a specific time. The rectangle is drawn at the end of the trading period [...]
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indicator
This ProBuilder code snippet is designed to calculate the maximum and minimum price range of a financial instrument between 7 am and 8 am, adjusting the range by adding and subtracting a pip size at the end of the interval. [...]
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screener
This ProBuilder code snippet demonstrates how to create a custom screener that tests a specific condition on a single stock and returns results based on that condition. The screener is designed to work with a personal list of instruments, allowing [...]
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strategy
This ProBuilder script is designed to calculate the maximum loss incurred in a trading account per month. It is useful for monitoring and managing risk in trading strategies. // Define variables maxLoss = 0 monthlyLoss = 0 previousMonth = month [...]
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indicator
This ProBuilder code snippet is designed to calculate and plot the highest high and lowest low prices within a specified time range across the last 5 days. It is useful for analyzing price movements within specific trading hours over a [...]
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strategy
This ProBuilder code snippet demonstrates how to halt trading activities in an automated trading system after incurring a significant loss, specifically a 5% drop in equity. The code uses conditional statements to monitor and update the trading status based [...]
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