indicator
This code snippet demonstrates how to detect a 123 trading pattern using fractal points in ProBuilder. The 123 pattern is a common reversal chart pattern that occurs in financial markets and is used by traders to predict changes in market [...]
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strategy
This code snippet demonstrates how to implement different stop loss strategies in trading using the ProBuilder language. The strategies include a fixed stop loss, a fixed percentage below the Simple Moving Average (SMA), and a dynamic stop loss that updates [...]
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This ProBuilder code snippet demonstrates how to use conditional logic to manipulate data and create a custom screener output based on multiple trading indicators. The example focuses on RSI values and price extremes over a specified period. // Result hh [...]
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indicator
This ProBuilder script is designed to capture and display the price and bar index of a financial instrument at exactly 11:00 AM. It is useful for traders who need to analyze price action at specific times of the day. DEFPARAM [...]
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strategy
This code snippet demonstrates how to calculate and utilize the Maximum Favorable Excursion (MFE) to dynamically set take profit levels in a trading strategy using the ProBuilder language. The MFE measures the maximum potential profit for a trade from the [...]
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indicator
This ProBuilder code snippet is designed to track the highest high value of a stock or asset within a specific time range during the trading day. It is particularly useful for analyzing price movements within constrained time frames. IF OpenTime [...]
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strategy
This code snippet demonstrates how to implement a dynamic trailing stop based on the Average True Range (ATR) for managing positions in trading strategies. The trailing stop adjusts according to the market’s volatility, measured by ATR, to protect [...]
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strategy
This code snippet demonstrates how to set custom trading days and hours using conditional statements in ProBuilder. It allows traders to specify which days of the week and what times they want their trading strategy to be active. ONCE startT [...]
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strategy
This code snippet demonstrates how to calculate the profit of a trading strategy in points or pips, adjusting for the size of the position and the point value of the instrument. This is particularly useful for evaluating the performance of [...]
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strategy
This ProBuilder code snippet is designed to track the Maximum Favorable Excursion (MFE) for a trading position. MFE measures the highest point (in price) reached by a trade while it remains open, which is useful for analyzing the effectiveness of [...]
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strategy
This code snippet demonstrates how to set up automatic stop loss and take profit levels based on the Average True Range (ATR), a popular volatility indicator, in trading strategies using ProBuilder language. The ATR is used to adjust the stop [...]
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strategy
This code snippet demonstrates how to implement a dynamic trailing stop strategy for both long and short positions using the Average True Range (ATR) in ProBuilder. The trailing stop adjusts based on the ATR, which measures market volatility. // trailing [...]
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strategy
This ProBuilder code snippet demonstrates how to set a buy limit order with a specific validity period measured in bars. The order is placed at the close price of a bar where a moving average crossover occurs and remains valid [...]
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indicator
This ProBuilder script is designed to calculate and display the overnight fees for both long and short positions based on the last trading bar’s closing price. The fees are calculated considering the broker’s fee and the LIBOR rate. DEFParam [...]
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strategy
This code snippet demonstrates how to implement a delay of a specified number of bars between trades in ProBuilder. This is useful for strategies that require a cooling-off period after each trade to avoid overtrading or to comply with trading [...]
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strategy
This ProBuilder code snippet demonstrates how to dynamically adjust the trading lot size based on the win rate of executed trades. The code uses various ProBuilder-specific functions and conditions to manage trading decisions and lot sizes. DEFPARAM [...]
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indicator
This code snippet demonstrates how to identify higher highs (HH), lower highs (LH), higher lows (HL), and lower lows (LL) in market trends, which are fundamental concepts in Dow Theory. These points are crucial for understanding market directions and trend [...]
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strategy
This code snippet demonstrates how to implement a trailing stop mechanism in percentage terms rather than fixed points or pips. A trailing stop is a dynamic stop-loss order that adjusts as the price of an asset moves in favor of [...]
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global
This ProBuilder code snippet demonstrates how to check if two conditions are met within a specified number of bars. This is useful for analyzing patterns or criteria that occur close together in a financial chart. if summation[x](c1) and summation[x](c2) then [...]
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indicator
This code snippet demonstrates how to implement an on-chart Relative Strength Index (RSI) with dynamic overbought and oversold levels using the ProBuilder language. The RSI is a popular momentum oscillator used in technical analysis that measures the speed [...]
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