Chapter 1: Introduction to ChatGPT in Trading

As traders, we are always on the lookout for effective methods to refine our strategies and stay competitive in the market. One tool that has significantly impacted my trading experience is ChatGPT, an AI writing assistant. In this article, I will share my journey with ChatGPT and how it has facilitated the creation of complex scripts for TradingView, a widely used platform for technical analysis and automated trading.

I stumbled upon ChatGPT while exploring ways to make my script-writing process on TradingView more efficient. Being a self-taught trader, I often faced challenges in formulating the correct syntax or formulas for various indicators and strategies. This is where ChatGPT became invaluable.

With the help of ChatGPT, I could input my concepts and receive fully formed scripts in return. It felt as though I had a coding expert assisting me, converting my ideas into functional scripts.

Section 1.1: Crafting Trading Scripts with AI

One notable script I developed using ChatGPT was a customized Moving Average crossover strategy. This script utilizes two moving averages—one fast and one slow—to generate buy and sell signals. Thanks to ChatGPT's guidance, I was able to tailor the moving averages and adjust the parameters to align with my trading style.

Subsection 1.1.1: Implementing Bollinger Band Indicators

Another script I created with ChatGPT's assistance was a Bollinger Band squeeze indicator. This script identifies periods of low volatility, which can signal an impending significant price movement. Collaborating with ChatGPT allowed me to quickly and seamlessly integrate this indicator into my TradingView charts.

Chapter 2: Conclusion and Script Examples

In summary, ChatGPT has proven to be an essential asset in my trading endeavors. Its capabilities as an AI writing assistant have enabled me to develop intricate scripts for TradingView, ultimately saving me both time and hassle. If you’re a trader interested in enhancing your script-writing abilities or looking to simplify the process, I strongly encourage you to explore ChatGPT.

Script Example 1: Custom Moving Average Crossover Strategy // @version=4 study("Custom MA Crossover", overlay=true)

// Fast MA fastMA = ema(close, 10)

// Slow MA slowMA = ema(close, 20)

// Plot Fast MA plot(fastMA, color=orange)

// Plot Slow MA plot(slowMA, color=blue)

// Buy signal buy = crossover(fastMA, slowMA)

// Sell signal sell = crossunder(fastMA, slowMA)

// Plot buy signal plotshape(buy, location=location.belowbar, style=shape.arrowup, color=green, size=size.small)

// Plot sell signal plotshape(sell, location=location.abovebar, style=shape.arrowdown, color=red)

Script Example 2: Bollinger Band Squeeze Indicator // @version=4 study("Divergence Detection", overlay=true)

// Choose oscillator oscillator = rsi(close, 14)

// Set divergence threshold threshold = 70

// Calculate divergence divergence = oscillator - close

// Plot divergence plot(divergence, color=red)

// Buy signal buy = divergence < -threshold

// Sell signal sell = divergence > threshold

// Plot buy signal plotshape(buy, location=location.belowbar, style=shape.arrowup, color=green, size=size.small)

// Plot sell signal plotshape(sell, location=location.abovebar, style=shape.arrowdown, color=red)

I hope these script examples provide insight into the types of scripts that ChatGPT can assist you in creating. From moving average crossovers to Bollinger Band squeezes and divergence detection, ChatGPT has become an invaluable part of my trading toolkit. Give it a try and see how it can enhance your script-writing experience on TradingView.