indicator
This code snippet demonstrates how to implement a ZigZag indicator in ProBuilder, focusing on using high and low prices instead of closing prices. The ZigZag indicator is useful for identifying price trends by filtering out minor fluctuations and focusing on [...]
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indicator
This code snippet demonstrates how to find the index of the lowest price within a specific range of bars in financial chart data using the ProBuilder language. myindex = 0 for a = 0 to 9 if low[a] = lowest[10](low) [...]
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strategy
This ProBuilder code snippet demonstrates how to dynamically calculate the position size for trading based on the current equity relative to the initial capital. The position size adjusts as the strategy’s profit or loss changes the equity. Capital = [...]
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screener
This code snippet is designed to identify specific price gap patterns in relation to two moving averages on a stock chart. The moving averages used are the 20-period average and the 50-period average. The code checks for conditions where the [...]
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indicator
This ProBuilder script is designed to draw a series of horizontal lines on a price chart, spaced at regular intervals. This can be useful for visualizing significant price levels, often referred to as ’round numbers’ or psychological levels in [...]
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indicator
This code snippet demonstrates how to find the nearest value that is less than a specified pivot value within an array. The array values are first sorted in ascending order, and then the code iterates through the sorted array to [...]
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strategy
This code snippet demonstrates how to implement a dynamic trailing stop strategy for trading positions using the ProBuilder language. A trailing stop adjusts the stop loss level as the price of an asset moves, providing a balance between locking in [...]
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global
This code snippet demonstrates how to calculate Heiken Ashi candlesticks in ProBuilder. Heiken Ashi candlesticks are used to filter noise and identify clearer trends in price movements. The code calculates various attributes of Heiken Ashi candlesticks such [...]
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strategy
This ProBuilder code snippet demonstrates how to manage trading positions based on specific time conditions to avoid overnight fees. The strategy involves exiting positions just before the daily fee calculation time and re-entering them after the fee time has [...]
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strategy
This code snippet demonstrates how to implement a trailing stop loss strategy in ProBuilder, which is useful for managing risk in trading by adjusting the stop loss level as the market price moves favorably. StopLoss = 23 //StopLoss size TrailingStopStart [...]
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indicator
This ProBuilder code snippet is designed to calculate the average duration of trend phases over a specified number of recent trends in financial market data. It uses a combination of moving averages and standard deviation to define trend boundaries and [...]
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indicator
This ProBuilder code snippet is designed to identify and plot rectangles representing the high and low price zones between specific times on a tick chart. The rectangles are drawn for the entire history available in the chart data. defparam [...]
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global
This example demonstrates how to use the CALL instruction in ProBuilder to access and utilize custom indicators within a trading strategy. The code snippet shows how to call a custom indicator that calculates two different types of moving averages based [...]
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indicator
This code snippet demonstrates how to calculate the gradient ratio of a moving average in relation to its previous values over a specified number of periods. The gradient ratio can provide insights into the rate of change of a moving [...]
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strategy
This code snippet demonstrates how to implement a trailing stop strategy based on higher lows in trading using the ProBuilder language. A trailing stop adjusts the stop-loss level as the price of an asset moves in a favorable direction, which [...]
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strategy
This code snippet demonstrates how to implement trailing stops for both long and short trading positions in the ProBuilder language, with conditional logic to decide whether to exit the trade using a stop order, a limit order, or at the [...]
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indicator
This code snippet demonstrates how to calculate the Volume Weighted Average Price (VWAP) along with its standard deviation bands, similar to the internal VWAP indicator in ProRealTime’s trading platform. The code also includes color coding to indicate [...]
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global
This ProBuilder code snippet demonstrates how to calculate the Maximum Adverse Excursion (MAE) and Maximum Favorable Excursion (MFE) for trading strategies. MAE measures the largest loss observed in a trade before it is closed, while MFE assesses the largest [...]
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strategy
This code snippet demonstrates how to implement a dynamic trailing stop strategy in a trading algorithm using the ProBuilder language. The trailing stop adjusts based on a percentage of the position price and incorporates sensitivity settings that determine [...]
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strategy
This code snippet demonstrates how to implement a trading strategy using multi-timeframe analysis in ProBuilder language. The strategy checks conditions on a 5-minute timeframe and executes trades on a default timeframe, which could be set to any lower [...]
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