The ( ). Is a momentum oscillator that measures the speed and change of price movements. The oscillates between zero and 100. Increasing shows increasing momentum. Decreasing shows increasing momentum. We take upper bound as 80 to indicate momentum and lower bound as 20 to indicate momentum.
We use the above premise to create options buy-only strategy which trades in ATM strikes by default. This strategy requires very less margin (Minimum Rs . 15000).
Since this strategy uses underlying data (cash/future) to place trades in Options, please ignore the backtest of this strategy given by tradingview. TradingView does not provide options data but this strategy bypass it.