Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

Introducing PineGPT – To Build Better Tradingview Pinescript Codes

1 min read

PineGPT is a customGPT for ChatGPT4 users designed to provide expert guidance on creating and understanding TradingView Pine Script indicators and trading strategies. PineGPT specializes in Pine Script Version 5, the language used for creating custom indicators and strategies on the TradingView platform. This includes the ability to understand, analyze, and offer advice on Pine Script coding, functionality, and optimization.

It assists in developing custom indicators and strategies that align with specific trading goals or ideas. This includes providing guidance on logic implementation, technical analysis concepts, and script optimization.

PineGPT helps with troubleshooting and improving existing Pine Script codes. This might involve identifying errors, suggesting performance improvements, or refactoring code for better efficiency and readability.

PineGPT Offers explanations and teaches the fundamentals and advanced concepts of Pine Script. This is useful for both beginners learning Pine Script from scratch and experienced users looking to deepen their knowledge.

Sample Prompts

Sample Prompts 1:

Task : 

1)Build EMA Crossover Strategy with Target and Stoploss. 
2)Use Percentage Base Stoploss. By default use 0.25% as Stoploss and 0.5% as Target
3)Calculate the Stoploss and Target value when the entry condition triggered
4)Place Stoploss and Target orders immediately after placing the entry orders
5)Finally Plot the Stoploss and Target Levels in a style circle format. 
6)Stoploss levels in red color and Target Levels in Green Color.
7)Use line thickness as two while plotting EMA values , stoploss and target

Sample Prompts 2: 

Task: Build a Pinescript Strategy and achieve the following goals

1)Generate the Supertrend Strategy and plot supertrend
2)Plot Supertend in color green when direction = -1 and 
plot supertrend in color red when direction = 1
2)longcondition when supertrend direction = -1
3)shortcondition when supertrend direction = 1
4)It is a stop and reverse strategy

Sample Prompts 3:

Task 
1)Create a Simple Donchian Channel Trading Strategy
2)Place Stop Limit Orders exactly at the 1bar back Donchian Channel for Entry Signal
3)Plot the Lower Donchian Channel in Color Red
4)Plot the Upper Donchian Channel in Color Green
5)Avoid using entry/exit conditions directly place orders with stop limit orders

Here are Some of the Reference Codes Generated by PineGPT

Generate a Simple Supertrend Strategy

Generate a Simple EMA Crossover with Stoploss and Target Levels

Create a Simple Donchian Channel Trading Strategy

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

6 Indian Brokers You Can Connect with TradingView to…

TradingView is a globally recognized charting and trading platform that empowers traders with its advanced analytical tools and intuitive interface. For Indian traders, TradingView...
Rajandran R
2 min read

Integrating Tradingview Lightweight Charts with Yahoo Finance Data –…

Hey traders! If you’re looking for a way to visualize your stock data dynamically and interactively, you’re in for a treat. Today, we’ll explore...
Rajandran R
2 min read

Introducing GPT-4o: A New Era of AI with Enhanced…

Today, OpenAI proudly announced the release of GPT-4o, the "Omnimodel" boasting enhanced capabilities in text, vision, audio, and seamless continuity. This latest model supports...
Rajandran R
2 min read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More