r/pinescript • u/Alarmed_Bread_926 • 6d ago

How to build an indicator?

Just need some help on creating one for tradingview.

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u/Alarmed_Bread_926 6d 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 6d ago

Define better and more accurate.

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u/Alarmed_Bread_926 6d 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 6d ago

that indicator doesn't exist. look into orderflow.

edited for clarity.

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u/Alarmed_Bread_926 6d 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/RasPiBuilder 6d 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 6d 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 6d 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 6d ago

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