Notes

study(title="WaveTrend [LazyBear]", shorttitle="WT_LB")
n1 = input(10, "Channel Length")
n2 = input(21, "Average Length")
obLevel1 = input(60, "Over Bought Level 1")
obLevel2 = input(53, "Over Bought Level 2")
osLevel1 = input(-60, "Over Sold Level 1")
osLevel2 = input(-53, "Over Sold Level 2")

// my variables
rsi = rsi(close, 14)
rsi_previous = rsi(close[1], 14)
stochastic = stoch(close, high[1], low[1], 5)
stochastic_previous = stoch(close[1], high[1], low[1], 5)

// wt_lb
n1 = input(10, "Channel Length")
n2 = input(21, "Average Length")
obLevel1 = input(60, "Over Bought Level 1")
obLevel2 = input(53, "Over Bought Level 2")
osLevel1 = input(-60, "Over Sold Level 1")
osLevel2 = input(-53, "Over Sold Level 2")
ap = hlc3
esa = ema(ap, n1)
d = ema(abs(ap - esa), n1)
ci = (ap - esa) / (0.015 * d)
tci = ema(ci, n2)
wt_lb = tci

ap = hlc3
esa = ema(ap, n1)
d = ema(abs(ap - esa), n1)
ci = (ap - esa) / (0.015 * d)
tci = ema(ci, n2)

wt1 = tci
wt2 = sma(wt1,4)

plot(0, color=gray)
plot(obLevel1, color=red)
plot(osLevel1, color=green)
plot(obLevel2, color=red, style=3)
plot(osLevel2, color=green, style=3)

plot(wt1, color=blue)
plot(wt2, color=red, style=3)
plot(wt1-wt2, color=blue, style=area, transp=80)
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https://www.youtube.com/watch?v=2LRugIcbiSI
https://medium.com/@robswc/how-to-convert-tradingview-strategy-into-alerts-beginner-friendly-6d6c8a7896ed
https://www.reddit.com/r/TradingView/comments/hob5ne/tradingview_announced_strategy_alerts_with_auto/
https://backtest-rookies.com/2018/11/23/tradingview-save-a-variable-store-a-value-for-later/
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convert strategy into alerts
change alert message to wunderbit(?) buy/sell order

make indicator that checks only 4hour chart
if 4hour_chart is at the bottom or lower:
check if 1hour_chart is also at bottom or lower:
check if the 15min_chart is at the bottom or lower:
if all conditions so far are met, then buy for x amount
if there are open orders, follow the above procedure, but in reverse (check all for highest position)
variables:
define current position for each chart
define high and low thresholds
define buy amount
define functions for calculations?


STRATEGY
green line = over bought level 1
red line = over bought level 2

if it's above the upper bound:
if the green line crosses top to bottom: (check if green was more than red 4 hours ago AND if green is lower or equal to red now)
if stoch is higher than 65:
if rsi is higher than 60:
send sell signal

if it's below the lower bound
if green line crosses red one from bottom to top: (check if green was less than red 4 hours ago AND if green is higher or equal to red now)
if stoch is lower than 40:
if rsi is lower than 40:
send buy signal