global
This code snippet is designed to identify six distinct market phases using two moving averages (MA50 and MA200) on a daily timeframe. It can be integrated into trading strategies to optimize entry and exit conditions based on the current market [...]
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global
This ProBuilder code snippet is designed to find the bar with the highest high value over the last 20 bars and capture the corresponding date, time, and bar index. This can be useful for analyzing price movements in trading data. [...]
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indicator
This code snippet is designed to calculate the percentage spread between the highest and lowest moving averages on a chart and track the historical maximum and minimum values of this spread. It uses three different types of moving averages: two [...]
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strategy
This ProBuilder script is designed to manage a trading position by implementing a trailing stop loss and instantly reopening a trade when certain conditions are met. The code snippet below demonstrates how to set up these trading controls. Once TriggerPips [...]
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global
This ProBuilder code snippet demonstrates how to identify a crossover event between the Kijun Sen line and the Ichimoku Cloud in a trading chart. The Ichimoku Cloud is a popular technical analysis tool used to gauge momentum, support, and resistance. [...]
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indicator
This code snippet demonstrates how to calculate the average range of the MACD (Moving Average Convergence Divergence) indicator values over a specified number of recent bars in a trading chart. The example uses a period of 5 bars but can [...]
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indicator
This code snippet is designed to analyze market behavior by examining the characteristics of candlestick patterns in trading data. It calculates the percentage of green (bullish) and red (bearish) candles, and evaluates the market’s tendency to trend or [...]
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global
This example demonstrates how to define and use a simple function in ProBuilder to perform a division operation. The function takes two parameters and returns their division result. This is particularly useful for encapsulating calculations that you need to [...]
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strategy
This explanation focuses on the concept of “tick by tick” mode during backtesting in trading strategies. The tick by tick mode is crucial for achieving more precise backtesting results by simulating each individual trade (tick) that occurs. [...]
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indicator
This ProBuilder script is designed to identify and draw support lines on a price chart until they are broken by subsequent price action. The code determines potential support levels based on specific candlestick patterns and then visually represents these [...]
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strategy
This code snippet is designed to help visualize and quickly identify the percentage of trades that open and close within the same trading bar. This can be particularly useful for traders looking to refine their strategies, especially when considering the [...]
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indicator
This ProBuilder script is designed to detect and visualize changes in market trends using fractals. It identifies higher highs and lower lows, marking the beginning of new trends with arrows and segments on a trading chart. defparam calculateonlastbars=10000 [...]
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strategy
This code snippet demonstrates how to simulate a trading strategy in ProBuilder, which is particularly useful for testing strategies that involve pending orders. The example provided calculates an equity curve, allowing for performance analysis over time. p = [...]
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indicator
This code snippet demonstrates how to use the Gann Square of 9 method to predict the next price level based on the current value of the RSI (Relative Strength Index) over 14 periods. The Gann Square of 9 is a [...]
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indicator
This ProBuilder script generates a heatmap that visualizes the frequency of price touches within a specified range and period on a trading chart. The heatmap’s color intensity increases with the frequency of price touches, providing a visual [...]
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strategy
This code snippet demonstrates how to implement a risk management strategy in a trading algorithm using the ProBuilder language. The strategy involves exiting the trading robot if the losses exceed a specified threshold, thereby minimizing potential financial [...]
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strategy
This ProBuilder script is designed to manage a short trading position with dynamic exit strategies based on moving averages. It calculates position size based on risk management principles and adjusts orders based on real-time market data. defparam [...]
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strategy
This code snippet demonstrates how to implement a trailing stop loss based on the Exponential Moving Average (EMA) for a trading strategy in ProBuilder language. The trailing stop adjusts according to the EMA of the last 20 periods, ensuring that [...]
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strategy
This code snippet demonstrates how to calculate and handle the maximum drawdown in a trading strategy using the ProBuilder language. The maximum drawdown is a measure of the largest single drop from peak to bottom in the value of a [...]
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indicator
This ProBuilder code snippet demonstrates how to calculate the Risk-Reward Ratio, which is a popular metric used in trading to compare the potential risk of a trade to its potential reward. The Risk-Reward Ratio is crucial for traders to understand [...]
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