with the advent of Ai those of us who have no idea how to code can start creating things that may or may not help us in trading. So i am starting to create some things that i am testing to see if they will help me visualize trading a little better. the first thing i am posting is something i am going to see if psychologically will help motivate me to act in my best interest...which i havent always done in trading.... so was reading up on impulse control for children...as sometimes when i am on fast charts my mind will drift and my fingers click without full acknowledgment of the other side of my brain :-)
so as i read about how they deal with this with children they had them use coloring sheets with a traffic light... and would teach them before each response they needed to take 5 seconds and go through RED stop Yellow Think Green Go.... when your thinking as a child you ask certain type questions ie will this hurt someone, will this benefit...will this help...etc... once they have the answer then they are to respond.
so i thought what if i do that for a trading chart lol.... so i created a traffic light.... with x amount of response time user selectable. to just think through each step of the trade before i pull the trigger... if i havent gotten to green then either the market is too fast for me to trade or its not my trade and shouldnt take it ... simple tool not sure if it will help but figured i would start posting different tools i create with Ai on this thread.
Category NinjaTrader 8 Indicators and More
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