The indicator of increasing SonicR PVA Volumes and their extreme values

It has four inputs:

  • Climax period - extreme values calculation period
  • Rising period - emerging values calculation period
  • Rising factor - ratio of correcting emerging values relative to the candle volume
  • Extreme factor - ratio of correcting extreme values relative to the candle volume

The indicator displays five states:

  1. Increasing volumes on a bullish candle - light-green
  2. Increasing volumes on a bearish candle - orange
  3. Extreme volumes on a bullish candle - green
  4. Extreme volumes on a bearish candle - red
  5. Neutral volumes - gray