Stock Chart Analysis with GPT4o Omni (Python Tutorial)

The video script discusses the capabilities of a new AI model, GPT-4O Omni, which can process text, audio, and images to generate outputs in those formats. The presenter tests the model's visual analysis by integrating it with a Python program that interacts with the Interactive Brokers TWS API to pull stock data. By taking screenshots of stock charts and using GPT-4O Omni, the presenter receives technical analysis of the charts in markdown format. The script also explores the model's ability to analyze more complex visuals like heat maps for sector analysis. The presenter expresses excitement about the potential of GPT-4O Omni and its implications for the future of technical analysis, suggesting that traditional methods may become obsolete with the advancement of such AI models.

Takeaways

• 🚀 OpenAI has released a new model called GPT-4O, with 'O' standing for Omni, which can handle text, audio, and image inputs and generate corresponding outputs.
• 👀 GPT-4O is particularly adept at vision and audio understanding, offering improved capabilities over previous models.
• 📈 The speaker demonstrates using GPT-4O's vision capabilities to analyze stock charts by taking screenshots and receiving technical analysis in return.
• 💻 A Python program is used to interact with the Interactive Brokers TWS API, pulling stock data and enabling the analysis of popular stocks like AMC and GME.
• 📱 The Python script includes a function to take screenshots of stock charts, which are then analyzed by GPT-4O.
• 📊 GPT-4O provides a detailed markdown description of the chart, including price action, volume, support and resistance levels, and indicators.
• 🛠️ The analysis functionality is achieved by encoding the image in base64, which is then passed to the GPT-4O model for analysis.
• 📝 The analysis results are saved as text and can be output to a file, allowing for a log of the stock chart analysis.
• 🎨 The model can also interpret and analyze more complex visuals, such as heatmaps, providing descriptions of sector analysis and individual stock movements.
• 📚 The speaker suggests that as GPT-4O's capabilities improve, the role of technical analysts may become less relevant as the AI can provide sophisticated analysis.
• 🌐 OpenAI has also released a desktop application that can analyze what's on the user's screen in real-time, hinting at the potential for more integrated AI solutions in the future.
• 🤖 The speaker expresses excitement about the possibilities of GPT-4O but also acknowledges the potential obsolescence of certain skills and professions as AI technology advances.

Q & A

What is the new model released by OpenAI called?

The new model released by OpenAI is called GPT 4.0, where 'O' stands for Omni.

What capabilities does GPT 4.0 offer in comparison to existing models?

GPT 4.0 is particularly better at vision and audio understanding compared to existing models, allowing it to process text, audio, and images, and generate corresponding outputs.

How does the Python program mentioned in the transcript interact with the stock market?

The Python program interacts with the Interactive Brokers TWS API to pull data on stocks, display charts, and scan for the most popular stocks of the day.

What feature was added to the desktop app to incorporate AI?

A screenshot functionality was added to the desktop app, which allows the user to take a screenshot of a stock chart, which is then analyzed by GPT 4.0.

How does the technical analysis of a stock chart work in the Python code?

The Python code saves the screenshot of the stock chart to a file system and then calls the 'analyze chart' function, which uses the GPT 4.0 model to analyze the chart and return a markdown description of the chart.

What is the process of encoding an image for analysis in GPT 4.0?

The image is base64 encoded, which allows it to be passed as part of the message to the GPT 4.0 model. This encoded image is then used for analysis instead of a URL.

What kind of analysis does GPT 4.0 provide for the stock charts?

GPT 4.0 provides a comprehensive analysis that includes short-term price movements, peak prices, volume, support and resistance levels, and interpretations of any indicators present on the chart.

How does the user trigger the screenshot and analysis process?

The user triggers the process by clicking a button in the desktop app, which automatically saves a screenshot to a specific directory and then passes the file path to the 'analyze chart' function for analysis.

What is the significance of the real-time analysis provided by GPT 4.0?

The real-time analysis allows users to get immediate feedback on the stock chart, including interpretations of drawn elements like trend lines, without the need to manually analyze the chart.

How does GPT 4.0 handle more complex visualizations like heat maps?

GPT 4.0 can analyze heat maps and describe the details, including individual percentage moves of different symbols, even when the details are small and numerous.

What are the implications of using GPT 4.0 for technical analysis in the future?

The use of GPT 4.0 may potentially make traditional technical analysis methods and roles somewhat obsolete, as the AI can provide sophisticated analysis with increasing accuracy over time.

What is the potential impact of GPT 4.0 on the integration of AI into desktop applications?

GPT 4.0's capabilities suggest that AI could be increasingly integrated into desktop applications, allowing for real-time analysis and interpretation of various data visualizations directly on the user's computer.

Outlines

00:00

🚀 Introduction to GPT-4 and its Capabilities

The speaker discusses the recent release of a new model by OpenAI called GP4, which stands for 'Omni'. This model is capable of processing text, audio, and images to generate outputs in the same formats. GP4 is noted for its enhanced vision and audio understanding capabilities compared to previous models. The speaker shares their experience with the model, mentioning that they were able to access it and decided to test its vision functionality. They describe integrating GP4 with a Python program that interfaces with the Interactive Brokers TWS API to pull stock data and perform technical analysis on charts by simply taking a screenshot. The speaker demonstrates how the model automatically provides a detailed markdown description of the chart after a screenshot is taken.

05:02

📈 Utilizing GP4 for Technical Analysis in Python

The speaker elaborates on how they implemented GP4's vision capabilities into their Python application for technical analysis of stock charts. They explain the process of taking a screenshot of a stock chart, which then triggers GP4 to analyze the image and return a comprehensive description. This includes information about price spikes, volume, support and resistance levels, and any indicators present on the chart. The speaker outlines the Python code involved, which includes a function to take a screenshot, save it, and then use GP4 to analyze the image. They also mention the need to base64 encode the image before passing it to GP4 for analysis. The response from GP4 is then printed on the screen and saved to a markdown file for record-keeping. The speaker concludes by reflecting on the implications of such advanced AI capabilities, suggesting that traditional roles like technical analysts might become obsolete as these tools improve and become more integrated into everyday applications.

Keywords

💡GPT 40 (Omni)

GPT 40 Omni is a new AI model released by OpenAI that has the capability to process and generate outputs for text, audio, and images. It is particularly noted for its enhanced abilities in vision and audio understanding compared to previous models. In the video, the presenter uses GPT 40 Omni to analyze stock charts by uploading images of them, demonstrating the model's advanced visual analysis capabilities.

💡Technical Analysis

Technical analysis is a method used in finance to predict the future price movements of stocks by analyzing statistical trends gathered from trading activity, such as price movement and volume. In the context of the video, the presenter uses GPT 40 Omni to perform technical analysis on stock charts by simply taking a screenshot of the chart and receiving a detailed analysis in return.

💡Interactive Brokers TWS API

The Interactive Brokers TWS (Trader Workstation) API is a software interface that allows developers to interact with Interactive Brokers' trading platform programmatically. In the video, the presenter's Python program uses this API to pull stock data, which is then visualized in charts for further analysis.

💡Stock Chart

A stock chart is a graphical representation of the trading activity of a particular stock over a certain period. It includes information such as the opening and closing prices, high and low for the period, and volume of shares traded. In the video, stock charts are used to visualize the performance of companies like Taiwan Semiconductor, AMC, and GME.

💡Screenshot Functionality

The screenshot functionality mentioned in the video refers to the ability of the presenter's desktop application to capture images of the current stock chart on the screen. This feature is then used to save visual data for later analysis by GPT 40 Omni.

💡Base64 Encoding

Base64 encoding is a method used to convert binary data into text format, which can then be transmitted over text-based protocols like email or HTTP. In the context of the video, the presenter's Python code uses Base64 encoding to prepare the image data for analysis by GPT 40 Omni.

💡Markdown Description

A Markdown description is a text format that uses special characters to indicate how the text should be rendered, such as bold text, links, or headers. In the video, GPT 40 Omni provides a Markdown description of the stock chart analysis, which is then saved and can be used for documentation or journaling purposes.

💡Data URL

A Data URL is a type of Uniform Resource Locator (URL) that allows encoding of a small data item inline in the URL. In the video, the presenter uses a Data URL to pass the Base64 encoded image to the GPT 40 Omni model for analysis.

💡OpenAI Client

The OpenAI client is a software interface that allows developers to interact with OpenAI's services, such as requesting specific AI model actions like text generation or image analysis. In the video, the presenter uses the OpenAI client to create a chat completion with GPT 40 Omni to analyze the stock charts.

💡Organization ID

An Organization ID is a unique identifier used to manage and bill services within a multi-user or multi-organizational context. In the video, the presenter mentions the need to specify an Organization ID when initializing the OpenAI client to ensure the correct billing for the services used.

💡Heat Map

A heat map is a graphical representation of data where the individual values that are represented are shown as colors. In the video, the presenter uses GPT 40 Omni to analyze a heat map for sector analysis, demonstrating the model's ability to interpret complex visual data and provide insights.

Highlights

OpenAI has released a new model called GPT-4O, with 'O' standing for Omni, capable of processing text, audio, and images.

GPT-4O is particularly enhanced in vision and audio understanding compared to previous models.

The model can generate outputs in audio, text, and image formats in response to the inputs provided.

The presenter suggests watching demos to understand the capabilities of GPT-4O.

A Python program is used to interact with the Interactive Brokers TWS API to pull stock data.

The program can scan and display the most popular stocks for the day, such as AMC and GME.

GPT-4O's vision functionality is tested by analyzing stock charts through a screenshot feature.

The AI provides a markdown description of the stock chart after analyzing a screenshot.

The Python code includes a function to take a screenshot and save it to a directory.

GPT-4O requires a Base64 encoded image to analyze the chart.

The analysis from GPT-4O includes discussions on price action, support and resistance levels, and indicators present on the chart.

The presenter anticipates that as GPT-4O improves, the role of technical analysts may become obsolete.

GPT-4O can analyze more complex visualizations, such as heat maps, and provide detailed descriptions.

The presenter has tested GPT-4O in various contexts, including sector analysis and ETF chart interpretation.

GPT-4O's analysis quality is noted to be superior to previous models, providing more detailed and accurate descriptions.

The presenter speculates on the future integration of GPT-4O into desktop applications for real-time analysis.

The potential obsolescence of programming and technical skills due to advancements in AI like GPT-4O is discussed.

The presenter expresses excitement about the possibilities of GPT-4O and its capabilities, while also acknowledging the mind-blowing nature of the technology.