Question 1

Do I need to script my own indicator?

Accepted Answer

Usually not. TradingView already ships hundreds of built in indicators, and the community has published thousands more. Scripting only earns its keep when you need something specific that no existing tool quite does, like a custom alert condition or a rule worded exactly your way.

Question 2

What are good reasons to build a custom tool?

Accepted Answer

Common reasons include defining an alert on your own exact condition, plotting a level the way you measure it, combining two ideas into one clean view, or removing clutter from a bloated public script so you can read what it really does.

Question 3

Can I make a tool without writing Pine Script by hand?

Accepted Answer

Yes. PineDesignGPT generates Pine v6 from a plain description, so you describe the tool in words and study the code it produces. You still need to read and test the result, but it lowers the barrier to getting a first version on the chart.