Demand and forecast, can make a basket in options trading
Explanation:
Simple Moving Average (SMA):
The SMA is used as a baseline for the price trend.
Average True Range (ATR):
ATR is used to estimate the price volatility.
High Demand:
High demand is identified when the volume is greater than the SMA of the volume.
Forecast Maximum and Minimum Values:
The script forecasts maximum and minimum values based on the SMA and ATR.
Strategy Execution:
The strategy enters a long position during high demand periods and exits based on forecasted maximum and minimum values.
Visualization:
SMA, forecasted maximum and minimum values, and high demand periods are plotted on the chart.
Simple Moving Average (SMA):
The SMA is used as a baseline for the price trend.
Average True Range (ATR):
ATR is used to estimate the price volatility.
High Demand:
High demand is identified when the volume is greater than the SMA of the volume.
Forecast Maximum and Minimum Values:
The script forecasts maximum and minimum values based on the SMA and ATR.
Strategy Execution:
The strategy enters a long position during high demand periods and exits based on forecasted maximum and minimum values.
Visualization:
SMA, forecasted maximum and minimum values, and high demand periods are plotted on the chart.
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