strategy
This code snippet demonstrates how to implement a simple trading strategy using the Moving Average Convergence Divergence (MACD) indicator across multiple timeframes in ProBuilder. The strategy initiates a buy order when the MACD values on both 10-minute and [...]
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indicator
This code snippet demonstrates how to calculate the Volume Weighted Average Price (VWAP) and its standard deviation bands for intraday trading using the ProBuilder language. The VWAP is a trading benchmark used by traders that gives the average price a [...]
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strategy
This ProBuilder script is designed to calculate and display the annual percentage return, the cumulative return since the inception of the strategy, and the running percentage return for the current year. These metrics are crucial for evaluating the [...]
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strategy
This code snippet is designed to help visualize the change in equity after each position closure in a trading strategy. It calculates the difference in strategy profit between the current and previous trade and then displays this difference as a [...]
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indicator
This ProBuilder code snippet demonstrates how to calculate the median of the last ‘n’ close prices in a trading chart. The median is a valuable statistical measure that indicates the middle value of a dataset, providing insights into the central [...]
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strategy
This ProBuilder code snippet demonstrates how to dynamically adjust the position size in a trading strategy based on the comparison of the current strategy profit to its moving average over a specified period. The code uses conditional statements to set [...]
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strategy
This code snippet demonstrates how to implement a cooldown period in trading using the ProBuilder language. The purpose is to prevent entering new trades for a specified number of bars after exiting a trade. This can be useful in strategies [...]
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global
This ProBuilder code snippet is designed to calculate the maximum range (difference between high and low prices) over the last 19 bars in a trading chart. The range is a useful indicator for volatility. bigrange = high = low for [...]
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strategy
This code snippet demonstrates how to implement a trading strategy in ProBuilder that utilizes Z-Score for decision making and includes a trailing stop mechanism for managing open positions. The strategy skips trades based on the Z-Score and manages exits [...]
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indicator
This ProBuilder code snippet demonstrates how to extend the Senkou Span A and Senkou Span B lines of the Ichimoku Kinko Hyo indicator into the future of a chart. This is particularly useful for visualizing potential support and resistance areas [...]
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strategy
This code snippet demonstrates how to simulate Renko price boxes within a ProBuilder script, enabling the implementation of automated trading strategies that mimic Renko chart behaviors. Renko charts are typically used to filter out minor price movements and [...]
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global
This ProBuilder code snippet demonstrates how to check if two conditions are true simultaneously over a specified number of periods using the Summation function. This is particularly useful in scenarios where you need to ensure that certain criteria are met [...]
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indicator
This code snippet is designed to detect and visualize gaps in trading charts. Gaps occur when there is a noticeable difference between the closing price of one period and the opening price of the next period. This script identifies these [...]
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strategy
This code snippet demonstrates how to implement a trading strategy in ProBuilder that evaluates multiple variations of a single variable to decide on trade entries and position sizing. The strategy checks a range of settings for an indicator and places [...]
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indicator
This code snippet demonstrates how to create a fractal-like indicator that depends on the direction of moving averages rather than just price movements. The indicator uses two moving averages and checks their relative positions to determine potential buy or [...]
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strategy
This code snippet demonstrates how to implement a breakeven trading strategy using percentage thresholds in the ProBuilder language. The strategy adjusts the stop-loss order to a breakeven point after a specified percentage gain, aiming to secure a portion of [...]
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indicator
This ProBuilder code snippet calculates the body of a candlestick as a percentage of its total range and classifies it based on a specified threshold. The result is used to determine if the body’s percentage is less than or equal [...]
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strategy
This code snippet demonstrates how to implement a dynamic trailing stop strategy in ProBuilder language, starting from an initial stop loss position and adjusting the stop loss as the market price moves favorably. The strategy also includes a take profit [...]
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global
This ProBuilder code snippet demonstrates how to count the number of times a specific condition occurs over a predefined number of bars. The condition in this example checks if the current bar’s closing price is less than or equal to [...]
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indicator
The following ProBuilder code snippet demonstrates how to implement a triple smoothed moving average, which is a technique used to reduce the noise from price data in financial time series. This method involves smoothing a moving average multiple times to [...]
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