I recently shared a video post about using "Chat GPT" to create custom pinescript indicators.
In the video, I just showed the potential for starting your journey off! Here's an updated view of the very indicator I had Chat GPT build in the video.
This got me thinking as to the possibilities, so I made a start on a new indicator. One for looking at "footprint trading" a technique I used to use a lot earlier in my career, in essence it's all to do with volume profiles.
Starting off I looked at ways to find key value areas using a type of periodic view of volume and then wanted to test momentum at these levels. I asked chat GPT for a couple of different variations and got a little stuck on the complexity. (not being a coder n all) So I asked for a little help from a friend @peterhammer, who I now call Chat GPT 5.0.
He added and tweaked, enhanced the overall idea.
So starting with periodic profile.
This helps spot local key areas as highlighted here...
As we move into a range - we can see the volume momentum clearly highlighted here.
This has been a fun first project with the aid of Chat GPT for sure!
More to follow!!!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
In the video, I just showed the potential for starting your journey off! Here's an updated view of the very indicator I had Chat GPT build in the video.
This got me thinking as to the possibilities, so I made a start on a new indicator. One for looking at "footprint trading" a technique I used to use a lot earlier in my career, in essence it's all to do with volume profiles.
Starting off I looked at ways to find key value areas using a type of periodic view of volume and then wanted to test momentum at these levels. I asked chat GPT for a couple of different variations and got a little stuck on the complexity. (not being a coder n all) So I asked for a little help from a friend @peterhammer, who I now call Chat GPT 5.0.
He added and tweaked, enhanced the overall idea.
So starting with periodic profile.
This helps spot local key areas as highlighted here...
As we move into a range - we can see the volume momentum clearly highlighted here.
This has been a fun first project with the aid of Chat GPT for sure!
More to follow!!!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Discord Server for education and advanced techniques: discord.gg/5t3w47raHe
Master the Art of Trading: amzn.to/3nUfB9r
Prop firm partners (FTMO)
shorturl.at/hBEQ4
Master the Art of Trading: amzn.to/3nUfB9r
Prop firm partners (FTMO)
shorturl.at/hBEQ4
