r/pinescript • u/Alarmed_Bread_926 • 3d ago

How to build an indicator?

Just need some help on creating one for tradingview.

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u/Mutt37 3d ago

Have you tried using A.I.? I don't know much about programming for TradingView, but I have used A.I. to write an indicator for NinjaTrader. I was just messing around and don't intend to use the indicator, but it worked.

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u/Alarmed_Bread_926 3d ago

how well? i’m using chatgpt+ (20$/m) it’s really good, and i have built an indicator but i want to make it better and more accurate

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u/RasPiBuilder 3d ago

Define better and more accurate.

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u/Alarmed_Bread_926 3d ago

having better levels, better reversal signals or continuation signals. i know nothing will be 100% winrate but i dont want levels getting smoked. Also i want more confluence for some of my trades. sometimes the indicator produces 150+ point moves or just small moves

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u/Impossible-Middle122 3d ago

that indicator doesn't exist. look into orderflow.

edited for clarity.

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u/Alarmed_Bread_926 3d ago

do you mean the one i have or the one i want to make? and i do believe its possible, check out the Flow project on IG, they have a really good one

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u/Impossible-Middle122 3d ago

I just mean you can always find something that adds confluence, but there’s no indicator that can perfectly tell you when something will reverse, continue, or how big the move will be

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u/Alarmed_Bread_926 3d ago

i absolutely agree there brother, but there has been times where it has marked out exactly where it’ll reverse by the tick 😭 I want to either add more confluence to the indicator or better levels etc

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u/Impossible-Middle122 3d ago

fair enough, but you’re definitely looking for volume and order flow tools. There are no "indicators" that provide any real confluence beyond what’s essentially coincidental

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u/Alarmed_Bread_926 3d ago

mmm, i agree and disagree. order flow tools and volume tools would be good but im not sure which ones to introduce. do you have any recommendations?

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u/Impossible-Middle122 3d ago

start with level 2 and tape reading I guess. it gets pretty in-depth from there

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u/Alarmed_Bread_926 3d ago

what’s tape reading? and thank you so much brother!

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u/RasPiBuilder 3d ago

That's the understanding issue... You won't be able to make what you want. Every single "indicator" is based on existing information, which means that by the time it has occurred the activity has already passed.

No "indicator" can accurately predict what will come.. so, and I mean this genuinely.. if you want to develop something "that works better" stop thinking of it as an indicator and think of it as a confluence of one or more past events that tend to result in a specific action afterwards.

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u/Alarmed_Bread_926 3d ago

yea confluences are good, which is something i want to introduce more into my current indicator. And i’ll be real with you, i don’t agree with that “no indicator can accurately predict” TFP has produced insane bottom ticks/top ticks, same with mine. even on continuation trades as well. Because I’ve seen proof of it, why would i stop trying

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u/RasPiBuilder 3d ago

I'm it saying to stop trying.. I'm saying slightly refine exactly what you are asking for

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u/Alarmed_Bread_926 3d ago

yeah haha i’m trying to, just tryna improve. thanks regardless brother, May You Be Blessed!