OPEN-SOURCE SCRIPT
TradingPitChatGPT Bot
This script was created using ChatGPT.
It uses a 50,100 and 200 moving average to determine whether the asset is in an uptrend or downtrend. The moving averages are also used to filter out ranging price action. Mean reversion is used to enter into the direction of the trend. Several options for risk management have been included that use the average true range indicator to set take profit and stop loss. Optionally a trailing stop loss can be used. All inputs are configurable.
A video showcasing the generation of the script using ChatGPT is available here: youtube.com/watch?v=AEHCdiwbRv8
It uses a 50,100 and 200 moving average to determine whether the asset is in an uptrend or downtrend. The moving averages are also used to filter out ranging price action. Mean reversion is used to enter into the direction of the trend. Several options for risk management have been included that use the average true range indicator to set take profit and stop loss. Optionally a trailing stop loss can be used. All inputs are configurable.
A video showcasing the generation of the script using ChatGPT is available here: youtube.com/watch?v=AEHCdiwbRv8
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.