Buy on Volume

This script has several weaknesses:

1. **Overly Simplistic Logic** – The buy signal is based on just two conditions (DEMA crossing above a Lorentzian Line and a volume spike), which may not be robust enough for real trading conditions.

2. **Lack of Sell Signals** – The script only focuses on buy signals without any exit strategy, making it incomplete for practical trading.

3. **Volume Confirmation May Be Unreliable** – The threshold for volume confirmation (50% above average) is arbitrary and may produce frequent false positives or fail in low-liquidity conditions.

4. **No Risk Management** – There is no stop-loss, take-profit, or risk-adjustment mechanism, making it unsuitable for serious trading.

5. **Potential for Late Entries** – The reliance on moving averages (DEMA) can introduce lag, causing buy signals to appear late after a price move has already occurred.

6. **Limited Adaptability** – The fixed parameter settings (e.g., DEMA period of 6, Lorentzian length of 21) may not work across different market conditions or assets.

7. **No Consideration for Market Trends** – The script does not account for broader market trends, which could lead to poor entries in bearish conditions.

8. **Visual Clutter** – The plotted signals and indicators might create unnecessary chart noise, making it difficult to analyze price action effectively.

9. **Alert Spam Potential** – Without additional filtering conditions, the script may trigger frequent buy alerts, leading to signal fatigue.